Dorchester Minerals (NASDAQ:DMLP) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.70 and traded as high as $34.72. Dorchester Minerals shares last traded at $34.20, with a volume of 56,592 shares trading hands.

Dorchester Minerals Stock Down 0.6 %

The company's 50-day moving average is $33.10 and its 200 day moving average is $31.73. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 12.22 and a beta of 1.09.

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

Dorchester Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were paid a dividend of $0.996 per share. This represents a $3.98 annualized dividend and a dividend yield of 11.72%. This is an increase from Dorchester Minerals's previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Monday, October 28th. Dorchester Minerals's dividend payout ratio is presently 143.17%.

Insider Activity at Dorchester Minerals

In other Dorchester Minerals news, CFO Leslie A. Moriyama bought 12,050 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of $34.41 per share, with a total value of $414,640.50. Following the completion of the acquisition, the chief financial officer now directly owns 83,450 shares of the company's stock, valued at $2,871,514.50. This represents a 16.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Minerals Operating Dorchester bought 6,500 shares of Dorchester Minerals stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $32.21 per share, with a total value of $209,365.00. Following the completion of the transaction, the insider now directly owns 28,728 shares of the company's stock, valued at approximately $925,328.88. The trade was a 29.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 41,152 shares of company stock valued at $1,388,552. 7.10% of the stock is owned by company insiders.

Institutional Trading of Dorchester Minerals

Large investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its position in shares of Dorchester Minerals by 3.0% in the second quarter. Commonwealth Equity Services LLC now owns 23,802 shares of the energy company's stock valued at $734,000 after purchasing an additional 688 shares in the last quarter. Moors & Cabot Inc. boosted its stake in Dorchester Minerals by 1.6% during the second quarter. Moors & Cabot Inc. now owns 101,911 shares of the energy company's stock worth $3,144,000 after buying an additional 1,611 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Dorchester Minerals in the 2nd quarter valued at $308,000. Magnolia Capital Advisors LLC acquired a new stake in shares of Dorchester Minerals in the 2nd quarter worth $482,000. Finally, HWG Holdings LP purchased a new position in shares of Dorchester Minerals during the 2nd quarter worth $30,000. Hedge funds and other institutional investors 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.