Insider Buying: Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Acquires 7,500 Shares of Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) insider Minerals Operating Dorchester acquired 7,500 shares of the stock in a transaction dated Friday, January 31st. The shares were bought at an average cost of $31.69 per share, with a total value of $237,675.00. Following the completion of the purchase, the insider now directly owns 41,182 shares in the company, valued at approximately $1,305,057.58. This trade represents a 22.27 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Minerals Operating Dorchester also recently made the following trade(s):

• On Thursday, February 6th, Minerals Operating Dorchester purchased 335 shares of Dorchester Minerals stock. The shares were acquired at an average cost of $31.06 per share, with a total value of $10,405.10.
• On Tuesday, February 4th, Minerals Operating Dorchester acquired 6,500 shares of Dorchester Minerals stock. The stock was purchased at an average price of $30.90 per share, for a total transaction of $200,850.00.
• On Monday, December 30th, Minerals Operating Dorchester acquired 954 shares of Dorchester Minerals stock. The stock was purchased at an average price of $33.19 per share, for a total transaction of $31,663.26.
• On Thursday, December 26th, Minerals Operating Dorchester acquired 4,000 shares of Dorchester Minerals stock. The stock was purchased at an average price of $32.86 per share, for a total transaction of $131,440.00.
• On Monday, December 23rd, Minerals Operating Dorchester acquired 6,500 shares of Dorchester Minerals stock. The stock was purchased at an average price of $32.21 per share, for a total transaction of $209,365.00.

Dorchester Minerals Trading Down 0.2 %

DMLP stock traded down $0.05 during trading on Friday, reaching $31.34. The stock had a trading volume of 97,714 shares, compared to its average volume of 174,726. The company has a market capitalization of $1.48 billion, a P/E ratio of 11.27 and a beta of 1.07. The firm has a fifty day moving average price of $32.82 and a 200 day moving average price of $31.86. Dorchester Minerals, L.P. has a 1-year low of $28.41 and a 1-year high of $35.74.

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd will be paid a $0.7394 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a dividend yield of 9.44%. Dorchester Minerals's dividend payout ratio (DPR) is presently 106.47%.

Institutional Investors Weigh In On Dorchester Minerals

Institutional investors have recently modified their holdings of the stock. Round Rock Advisors LLC acquired a new stake in Dorchester Minerals during the fourth quarter worth about $3,877,000. Burford Brothers Inc. acquired a new stake in Dorchester Minerals during the fourth quarter worth about $976,000. Capital Advisory Group Advisory Services LLC acquired a new stake in Dorchester Minerals during the fourth quarter worth about $837,000. Raymond James Financial Inc. acquired a new stake in Dorchester Minerals during the fourth quarter worth about $783,000. Finally, Fisher Asset Management LLC bought a new position in Dorchester Minerals in the 4th quarter worth about $650,000. Institutional investors and hedge funds own 19.21% of the company's stock.

About Dorchester Minerals

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.