Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Minerals Operating Dorchester Acquires 6,500 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester bought 6,500 shares of the stock in a transaction on Tuesday, February 4th. The stock was purchased at an average cost of $30.90 per share, for a total transaction of $200,850.00. Following the acquisition, the insider now owns 47,682 shares of the company’s stock, valued at $1,473,373.80. This trade represents a 15.78 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, January 31st, Minerals Operating Dorchester acquired 7,500 shares of Dorchester Minerals stock. The stock was bought at an average cost of $31.69 per share, for a total transaction of $237,675.00.
• On Monday, December 30th, Minerals Operating Dorchester acquired 954 shares of Dorchester Minerals stock. The stock was bought at an average cost 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 bought at an average cost 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 bought at an average cost of $32.21 per share, for a total transaction of $209,365.00.

Dorchester Minerals Stock Down 0.4 %

NASDAQ DMLP opened at $31.00 on Wednesday. The stock’s 50-day moving average price is $33.00 and its 200-day moving average price is $31.87. Dorchester Minerals, L.P. has a 52 week low of $28.41 and a 52 week high of $35.74. The company has a market capitalization of $1.47 billion, a P/E ratio of 11.15 and a beta of 1.07.

Dorchester Minerals Cuts Dividend

The business also recently disclosed 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. This represents a $2.96 annualized dividend and a dividend yield of 9.54%. The ex-dividend date is Monday, February 3rd. Dorchester Minerals’s dividend payout ratio (DPR) is currently 143.17%.

Institutional Trading of Dorchester Minerals

Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in shares of Dorchester Minerals by 62.6% during the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after purchasing an additional 556 shares in the last quarter. LGT Financial Advisors LLC purchased a new stake in shares of Dorchester Minerals during the third quarter worth about $166,000. Apollon Wealth Management LLC purchased a new stake in shares of Dorchester Minerals during the fourth quarter worth about $228,000. MADDEN SECURITIES Corp purchased a new stake in shares of Dorchester Minerals during the third quarter worth about $223,000. Finally, Atomi Financial Group Inc. grew its position in shares of Dorchester Minerals by 29.0% during the third quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company’s stock worth $262,000 after purchasing an additional 1,954 shares in 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.