Dorchester Minerals (NASDAQ:DMLP) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.54 and traded as high as $33.39. Dorchester Minerals shares last traded at $32.74, with a volume of 65,619 shares traded.

Dorchester Minerals Price Performance

The stock's 50 day moving average is $32.82 and its two-hundred day moving average is $31.54. The stock has a market capitalization of $1.54 billion, a PE ratio of 11.71 and a beta of 1.10.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $0.87 EPS for the quarter. Dorchester Minerals had a net margin of 66.02% and a return on equity of 48.81%. The company had revenue of $53.47 million during the quarter.

Dorchester Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, October 28th were paid a $0.996 dividend. The ex-dividend date was Monday, October 28th. This is a boost from Dorchester Minerals's previous quarterly dividend of $0.70. This represents a $3.98 dividend on an annualized basis and a yield of 12.24%. Dorchester Minerals's dividend payout ratio (DPR) is currently 143.17%.

Insider Buying and Selling at Dorchester Minerals

In related news, CEO Bradley J. Ehrman purchased 14,430 shares of the company's stock in a transaction on Tuesday, December 3rd. The shares were bought at an average cost of $34.41 per share, for a total transaction of $496,536.30. Following the completion of the purchase, the chief executive officer now directly owns 29,622 shares of the company's stock, valued at approximately $1,019,293.02. This trade represents a 94.98 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Leslie A. Moriyama acquired 12,050 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were bought at an average cost of $34.41 per share, for a total transaction of $414,640.50. Following the acquisition, the chief financial officer now owns 83,450 shares of the company's stock, valued at $2,871,514.50. This represents a 16.88 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 29,698 shares of company stock worth $1,016,084 over the last ninety days. Corporate insiders own 7.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. HWG Holdings LP acquired a new position in Dorchester Minerals in the second quarter valued at $30,000. LGT Financial Advisors LLC purchased a new position in Dorchester Minerals during the 3rd quarter worth approximately $166,000. Atomi Financial Group Inc. grew its stake in Dorchester Minerals by 7.3% during the 2nd quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company's stock worth $208,000 after buying an additional 459 shares during the last quarter. MADDEN SECURITIES Corp acquired a new position in Dorchester Minerals during the third quarter worth approximately $223,000. Finally, Redhawk Wealth Advisors Inc. lifted its stake in Dorchester Minerals by 7.8% in the third quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company's stock valued at $291,000 after buying an additional 701 shares during the last quarter. Institutional investors and hedge funds own 19.21% of the company's stock.

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.