Key Points
- Director Frank Damon Box bought 5,000 shares on Dec. 3 at an average price of $21.96 (total $109,800), bringing his ownership to 9,000 shares — a 125% increase — as disclosed in an SEC filing.
- Dorchester raised its quarterly dividend to $0.6899 (from $0.62), equal to an annualized $2.76 and a 12.4% yield, but the dividend payout ratio is an elevated 255.56%, signaling potential sustainability concerns.
- For context, DMLP has a market cap of $1.07 billion, a PE of 20.54 and a 52-week range of $20.85–$34.88, while Weiss Ratings reaffirmed a "Sell (d+)" and the stock's consensus rating is currently "Sell."
Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) Director Frank Damon Box purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was purchased at an average price of $21.96 per share, for a total transaction of $109,800.00. Following the acquisition, the director owned 9,000 shares in the company, valued at approximately $197,640. This trade represents a 125.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Dorchester Minerals Stock Performance
Shares of DMLP stock opened at $22.18 on Thursday. The stock has a fifty day moving average price of $23.94 and a 200 day moving average price of $25.69. The stock has a market cap of $1.07 billion, a PE ratio of 20.54 and a beta of 0.61. Dorchester Minerals, L.P. has a 1 year low of $20.85 and a 1 year high of $34.88.
Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last posted its earnings results on Thursday, November 6th. The energy company reported $0.23 earnings per share for the quarter. Dorchester Minerals had a return on equity of 16.22% and a net margin of 36.27%.
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 given a dividend of $0.6899 per share. The ex-dividend date was Monday, November 3rd. This is an increase from Dorchester Minerals's previous quarterly dividend of $0.62. This represents a $2.76 dividend on an annualized basis and a yield of 12.4%. Dorchester Minerals's dividend payout ratio (DPR) is presently 255.56%.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Dorchester Minerals in a report on Tuesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Sell".
Get Our Latest Stock Report on Dorchester Minerals
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DMLP. Horizon Kinetics Asset Management LLC boosted its stake in shares of Dorchester Minerals by 0.5% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 916,849 shares of the energy company's stock worth $25,543,000 after purchasing an additional 4,386 shares during the last quarter. Hollow Brook Wealth Management LLC purchased a new position in shares of Dorchester Minerals during the third quarter valued at approximately $20,790,000. Adams Asset Advisors LLC lifted its stake in shares of Dorchester Minerals by 21.0% during the third quarter. Adams Asset Advisors LLC now owns 746,675 shares of the energy company's stock valued at $19,331,000 after buying an additional 129,567 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Dorchester Minerals by 258.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 411,908 shares of the energy company's stock worth $12,390,000 after acquiring an additional 297,029 shares during the last quarter. Finally, Delta Investment Management LLC grew its stake in Dorchester Minerals by 0.5% in the 3rd quarter. Delta Investment Management LLC now owns 295,677 shares of the energy company's stock worth $7,655,000 after acquiring an additional 1,417 shares during the period. 19.21% of the stock is currently owned by hedge funds and other institutional investors.
About Dorchester Minerals
(
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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