Short Interest in Dorchester Minerals, L.P. (NASDAQ:DMLP) Expands By 21.2%

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 432,400 shares, a growth of 21.2% from the February 13th total of 356,900 shares. Based on an average daily trading volume, of 161,900 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.0% of the company's stock are short sold.

Dorchester Minerals Stock Performance

NASDAQ:DMLP traded down $0.10 during mid-day trading on Friday, reaching $30.12. The stock had a trading volume of 145,591 shares, compared to its average volume of 90,836. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 14.21 and a beta of 1.08. Dorchester Minerals has a twelve month low of $28.25 and a twelve month high of $35.74. The business has a 50 day simple moving average of $31.32 and a 200 day simple moving average of $31.90.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $0.24 EPS for the quarter. The firm had revenue of $39.71 million during the quarter. Dorchester Minerals had a net margin of 56.77% and a return on equity of 36.86%.

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were issued a $0.7394 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a yield of 9.82%. Dorchester Minerals's dividend payout ratio (DPR) is presently 139.15%.

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Insider Activity at Dorchester Minerals

In other Dorchester Minerals news, insider Minerals Operating Dorchester bought 954 shares of the company's stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average price of $33.19 per share, with a total value of $31,663.26. Following the completion of the acquisition, the insider now directly owns 33,682 shares of the company's stock, valued at $1,117,905.58. This represents a 2.91 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bradley J. Ehrman acquired 3,356 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $29.80 per share, with a total value of $100,008.80. Following the purchase, the chief executive officer now directly owns 117,710 shares of the company's stock, valued at $3,507,758. This represents a 2.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 29,145 shares of company stock valued at $921,407 over the last quarter. 5.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DMLP. Moors & Cabot Inc. increased its holdings in Dorchester Minerals by 0.6% in the third quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company's stock valued at $3,092,000 after buying an additional 639 shares in the last quarter. One Charles Private Wealth Services LLC purchased a new position in Dorchester Minerals in the third quarter valued at about $331,000. Independent Advisor Alliance increased its holdings in Dorchester Minerals by 1.4% in the third quarter. Independent Advisor Alliance now owns 73,340 shares of the energy company's stock valued at $2,211,000 after buying an additional 1,000 shares in the last quarter. Horizon Kinetics Asset Management LLC increased its position in Dorchester Minerals by 0.6% during the third quarter. Horizon Kinetics Asset Management LLC now owns 896,893 shares of the energy company's stock worth $27,041,000 after buying an additional 5,210 shares in the last quarter. Finally, Principal Street Partners LLC purchased a new position in Dorchester Minerals during the third quarter worth $291,000. 19.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Dorchester Minerals from a "buy" rating to a "hold" rating in a research note on Monday, February 24th.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.