Dorchester Minerals (NASDAQ:DMLP) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Dorchester Minerals, L.P. (NASDAQ:DMLP) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.54 and traded as high as $33.39. Dorchester Minerals shares last traded at $32.74, with a volume of 65,619 shares trading hands.

Dorchester Minerals Stock Down 0.2 %

The firm’s 50-day moving average price is $32.82 and its 200 day moving average price is $31.54. The firm has a market cap of $1.55 billion, a P/E ratio of 11.78 and a beta of 1.10.

Dorchester Minerals (NASDAQ:DMLP) last posted its earnings results on Thursday, October 31st. The energy company reported $0.87 EPS for the quarter. The firm had revenue of $53.47 million during the quarter. Dorchester Minerals had a net margin of 66.02% and a return on equity of 48.81%.

Dorchester Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, October 28th were given a dividend of $0.996 per share. This represents a $3.98 dividend on an annualized basis and a yield of 12.17%. The ex-dividend date was Monday, October 28th. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.70. Dorchester Minerals’s payout ratio is 143.17%.

Insider Transactions at Dorchester Minerals

In related news, CEO Bradley J. Ehrman acquired 14,430 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average price of $34.41 per share, for a total transaction of $496,536.30. Following the completion of the purchase, the chief executive officer now directly owns 29,622 shares of the company’s stock, valued at $1,019,293.02. The trade was a 94.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Leslie A. Moriyama bought 12,050 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average price of $34.41 per share, with a total value of $414,640.50. Following the completion of the transaction, the chief financial officer now directly owns 83,450 shares of the company’s stock, valued at $2,871,514.50. This trade represents a 16.88 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 29,698 shares of company stock valued at $1,016,084. 7.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Dorchester Minerals

Several institutional investors have recently modified their holdings of DMLP. Exchange Traded Concepts LLC acquired a new stake in Dorchester Minerals in the 3rd quarter valued at about $300,000. GraniteShares Advisors LLC lifted its stake in Dorchester Minerals by 14.2% during the second quarter. GraniteShares Advisors LLC now owns 60,742 shares of the energy company’s stock valued at $1,874,000 after purchasing an additional 7,576 shares during the last quarter. Atomi Financial Group Inc. grew its position in Dorchester Minerals by 7.3% in the second quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock worth $208,000 after buying an additional 459 shares during the last quarter. LGT Financial Advisors LLC bought a new position in shares of Dorchester Minerals in the third quarter valued at $166,000. Finally, Magnolia Capital Advisors LLC acquired a new stake in shares of Dorchester Minerals during the 2nd quarter valued at $482,000. Institutional investors and hedge funds 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.