Key Points
- CEO Bradley Ehrman bought 2,487 shares on Nov. 26 at $21.60 each for $53,719.20, raising his holding to 121,197 shares (a 2.10% increase) valued at about $2.62 million.
- Dorchester raised its quarterly dividend to $0.6899 (annualized $2.76), producing a 13.0% yield, but with a very high payout ratio of 255.56%.
- The stock traded down ~2.9% to $21.26 on heavy volume, with a market cap of ~$1.03 billion and a trailing P/E of 12.36; the company reported recent quarterly EPS of $0.23 and a net margin of 47.35%.
Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) CEO Bradley Ehrman acquired 1,000 shares of the company's stock in a transaction that occurred on Tuesday, November 25th. The stock was purchased at an average cost of $21.26 per share, for a total transaction of $21,260.00. Following the acquisition, the chief executive officer owned 118,710 shares in the company, valued at approximately $2,523,774.60. This trade represents a 0.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.
Dorchester Minerals Trading Down 2.9%
Dorchester Minerals stock traded down $0.64 during midday trading on Thursday, reaching $21.26. 515,496 shares of the stock traded hands, compared to its average volume of 127,089. Dorchester Minerals, L.P. has a fifty-two week low of $21.18 and a fifty-two week high of $34.88. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 12.36 and a beta of 0.60. The firm has a fifty day moving average price of $24.31 and a two-hundred day moving average price of $25.93.
Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The energy company reported $0.23 EPS for the quarter. Dorchester Minerals had a net margin of 47.35% and a return on equity of 22.49%.
Dorchester Minerals Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.6899 per share. This represents a $2.76 annualized dividend and a yield of 13.0%. The ex-dividend date of this dividend was Monday, November 3rd. This is an increase from Dorchester Minerals's previous quarterly dividend of $0.62. Dorchester Minerals's dividend payout ratio (DPR) is presently 255.56%.
Institutional Investors Weigh In On Dorchester Minerals
Institutional investors have recently added to or reduced their stakes in the company. Baker Tilly Wealth Management LLC raised its stake in shares of Dorchester Minerals by 3.3% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 13,088 shares of the energy company's stock worth $339,000 after buying an additional 412 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Dorchester Minerals by 59.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company's stock worth $35,000 after acquiring an additional 440 shares during the period. Creative Planning raised its position in Dorchester Minerals by 4.6% in the third quarter. Creative Planning now owns 10,163 shares of the energy company's stock worth $263,000 after acquiring an additional 450 shares in the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. lifted its holdings in Dorchester Minerals by 1.5% in the 3rd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 29,960 shares of the energy company's stock valued at $776,000 after acquiring an additional 450 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in Dorchester Minerals by 14.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company's stock valued at $104,000 after acquiring an additional 463 shares during the last quarter. 19.21% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of Dorchester Minerals in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold".
View Our Latest Research Report on Dorchester Minerals
Dorchester Minerals Company Profile
(
Get Free Report)
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.
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