Dorchester Minerals (NASDAQ:DMLP) Downgraded by StockNews.com to Hold

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Monday.

Dorchester Minerals Trading Down 2.1 %

Shares of DMLP stock traded down $0.65 on Monday, hitting $30.41. 317,055 shares of the stock were exchanged, compared to its average volume of 174,032. The firm's 50 day moving average is $32.44 and its two-hundred day moving average is $31.99. Dorchester Minerals has a one year low of $28.41 and a one year high of $35.74. The firm has a market capitalization of $1.44 billion, a PE ratio of 14.34 and a beta of 1.07.

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

Insider Activity at Dorchester Minerals

In other news, CFO Leslie A. Moriyama bought 12,050 shares of Dorchester Minerals stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average price of $34.41 per share, with a total value of $414,640.50. Following the completion of the purchase, the chief financial officer now directly owns 83,450 shares in the company, valued at $2,871,514.50. The trade was a 16.88 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Minerals Operating Dorchester purchased 6,500 shares of the company's stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $32.21 per share, with a total value of $209,365.00. Following the purchase, the insider now 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. Insiders have purchased 52,269 shares of company stock valued at $1,732,575 over the last three months. 7.10% of the stock is owned by corporate insiders.

Institutional Trading of Dorchester Minerals

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Horizon Kinetics Asset Management LLC lifted its holdings in shares of Dorchester Minerals by 1.3% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 908,646 shares of the energy company's stock worth $30,285,000 after acquiring an additional 11,753 shares during the last quarter. Round Rock Advisors LLC purchased a new position in Dorchester Minerals in the 4th quarter worth $3,877,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Dorchester Minerals in the fourth quarter worth $3,829,000. Moors & Cabot Inc. boosted its position in Dorchester Minerals by 0.6% during 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 during the period. Finally, Texas Yale Capital Corp. grew its stake in shares of Dorchester Minerals by 2.8% during the fourth quarter. Texas Yale Capital Corp. now owns 77,300 shares of the energy company's stock valued at $2,576,000 after buying an additional 2,100 shares during the last quarter. 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.