Dorchester Minerals (DMLP) Downgraded to “Hold” at BidaskClub

BidaskClub cut shares of Dorchester Minerals (NASDAQ:DMLP) from a buy rating to a hold rating in a report released on Wednesday morning.

Shares of Dorchester Minerals (DMLP) traded up $0.05 during midday trading on Wednesday, reaching $15.70. The company’s stock had a trading volume of 38,505 shares, compared to its average volume of 97,016. The firm has a market cap of $506.80, a PE ratio of 16.35 and a beta of 0.82. Dorchester Minerals has a 52-week low of $13.90 and a 52-week high of $19.10.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Friday, November 3rd. The energy company reported $0.22 earnings per share for the quarter. The firm had revenue of $12.48 million during the quarter. Dorchester Minerals had a return on equity of 40.04% and a net margin of 64.05%.

In other Dorchester Minerals news, Director Robert C. Vaughn purchased 5,000 shares of the stock in a transaction dated Tuesday, December 19th. The stock was bought at an average price of $14.60 per share, with a total value of $73,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Bradley J. Ehrman purchased 1,700 shares of the stock in a transaction dated Thursday, November 16th. The shares were acquired at an average cost of $15.05 per share, with a total value of $25,585.00. The disclosure for this purchase can be found here. Insiders acquired a total of 12,886 shares of company stock valued at $189,643 over the last ninety days. Insiders own 9.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of DMLP. Ameriprise Financial Inc. acquired a new position in shares of Dorchester Minerals during the 2nd quarter worth $161,000. Virtu KCG Holdings LLC acquired a new position in shares of Dorchester Minerals during the 2nd quarter worth $201,000. Goldman Sachs Group Inc. acquired a new position in shares of Dorchester Minerals during the 2nd quarter worth $274,000. Segment Wealth Management LLC raised its holdings in shares of Dorchester Minerals by 100.0% during the 3rd quarter. Segment Wealth Management LLC now owns 20,000 shares of the energy company’s stock worth $301,000 after buying an additional 10,000 shares in the last quarter. Finally, Commonwealth Equity Services Inc raised its holdings in shares of Dorchester Minerals by 55.8% during the 3rd quarter. Commonwealth Equity Services Inc now owns 20,370 shares of the energy company’s stock worth $306,000 after buying an additional 7,293 shares in the last quarter. 13.43% of the stock is owned by institutional investors.

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Dorchester Minerals Company Profile

Dorchester Minerals, L.P. is a limited partnership company. The Company is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). As of December 31, 2016, the Royalty Properties consisted of producing and nonproducing mineral, royalty, overriding royalty, net profits and leasehold interests located in 574 counties and parishes in 25 states.

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