Insider Buying: Dorchester Minerals (NASDAQ:DMLP) Insider Purchases 5,000 Shares of Stock

Key Points

  • Insider buying: Minerals Operating Dorchester purchased 5,000 shares on Dec. 19 at $22.23 and 10,000 shares on Dec. 22 at $22.30, a total of 15,000 shares worth about $334,150.
  • Dividend hike and yield: Dorchester raised its quarterly dividend to $0.6899 (annualized $2.76), implying a 12.5% yield but a very high payout ratio (~255.6%).
  • Analyst stance: The consensus rating is "Sell," with Weiss Ratings reaffirming a "sell (d+)" on the shares.

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) insider Minerals Operating Dorchester purchased 5,000 shares of Dorchester Minerals stock in a transaction dated Friday, December 19th. The shares were purchased at an average price of $22.23 per share, with a total value of $111,150.00. Following the completion of the transaction, the insider directly owned 25,017 shares in the company, valued at approximately $556,127.91. This represents a 24.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

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

  • On Monday, December 22nd, Minerals Operating Dorchester acquired 10,000 shares of Dorchester Minerals stock. The stock was acquired at an average price of $22.30 per share, for a total transaction of $223,000.00.

Dorchester Minerals Stock Down 0.4%

Dorchester Minerals stock opened at $22.16 on Wednesday. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 20.52 and a beta of 0.61. The business has a 50-day simple moving average of $23.15 and a 200 day simple moving average of $25.17. Dorchester Minerals, L.P. has a 52 week low of $20.85 and a 52 week high of $34.88.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last released its quarterly 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 business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were paid a $0.6899 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.76 dividend on an annualized basis and a yield of 12.5%. This is a boost from Dorchester Minerals's previous quarterly dividend of $0.62. Dorchester Minerals's dividend payout ratio is presently 255.56%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Dorchester Minerals in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of "Sell".

Read Our Latest Stock Analysis on Dorchester Minerals

Institutional Trading of Dorchester Minerals

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Winch Advisory Services LLC bought a new position in Dorchester Minerals during the second quarter valued at approximately $28,000. Atlantic Union Bankshares Corp bought a new stake in shares of Dorchester Minerals in the 2nd quarter worth approximately $33,000. Geneos Wealth Management Inc. boosted its stake in shares of Dorchester Minerals by 59.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company's stock valued at $35,000 after purchasing an additional 440 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Dorchester Minerals by 157.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,570 shares of the energy company's stock valued at $72,000 after purchasing an additional 1,570 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Dorchester Minerals by 14.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company's stock valued at $104,000 after purchasing an additional 463 shares during the last quarter. Hedge funds and other institutional investors own 19.21% of the company's stock.

About Dorchester Minerals

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Dorchester Minerals (NASDAQ:DMLP)

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