Leslie Moriyama Purchases 5,197 Shares of Dorchester Minerals (NASDAQ:DMLP) Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Leslie Moriyama purchased 5,197 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were acquired at an average cost of $28.30 per share, with a total value of $147,075.10. Following the acquisition, the chief financial officer directly owned 103,405 shares in the company, valued at approximately $2,926,361.50. The trade was a 5.29% 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 link.

Dorchester Minerals Stock Up 0.6%

Shares of NASDAQ DMLP traded up $0.16 during mid-day trading on Wednesday, reaching $28.21. 194,085 shares of the company were exchanged, compared to its average volume of 184,536. Dorchester Minerals, L.P. has a twelve month low of $20.85 and a twelve month high of $28.95. The stock has a market capitalization of $1.38 billion, a P/E ratio of 16.03 and a beta of 0.54. The company’s 50-day simple moving average is $26.49 and its 200-day simple moving average is $26.79.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings results on Thursday, August 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $56.08 million during the quarter. Dorchester Minerals had a return on equity of 28.43% and a net margin of 45.45%.

Dorchester Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 3rd were given a dividend of $1.2729 per share. This represents a $5.09 dividend on an annualized basis and a dividend yield of 18.0%. The ex-dividend date was Monday, August 3rd. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.48. Dorchester Minerals’s dividend payout ratio (DPR) is currently 289.20%.

Analyst Upgrades and Downgrades

DMLP has been the subject of several recent research reports. Wall Street Zen upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorchester Minerals in a report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Institutional Trading of Dorchester Minerals

A number of hedge funds have recently added to or reduced their stakes in DMLP. Pin Oak Investment Advisors Inc. bought a new stake in shares of Dorchester Minerals during the second quarter worth $25,000. Trust Co. of Vermont bought a new position in shares of Dorchester Minerals during the second quarter valued at $348,000. Redhawk Wealth Advisors Inc. lifted its holdings in shares of Dorchester Minerals by 83.6% during the second quarter. Redhawk Wealth Advisors Inc. now owns 17,743 shares of the energy company’s stock worth $448,000 after purchasing an additional 8,079 shares during the period. Glenmede Trust Co. NA grew its stake in shares of Dorchester Minerals by 58.0% in the first quarter. Glenmede Trust Co. NA now owns 54,502 shares of the energy company’s stock worth $1,477,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Amundi acquired a new stake in Dorchester Minerals in the first quarter valued at $421,000. Institutional investors and hedge funds own 19.21% of the company’s stock.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.