Dorchester Minerals (NASDAQ:DMLP) Sees Large Volume Increase – Here’s What Happened

Dorchester Minerals, L.P. (NASDAQ:DMLP) shares saw unusually-high trading volume on Friday . Approximately 249,981 shares were traded during trading, an increase of 92% from the previous session’s volume of 130,054 shares.The stock last traded at $23.0150 and had previously closed at $22.54.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Dorchester Minerals in a research note on Tuesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Dorchester Minerals has a consensus rating of “Sell”.

Dorchester Minerals Stock Up 2.5%

The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 21.40 and a beta of 0.61. The stock’s 50 day moving average is $23.88 and its 200 day moving average is $25.67.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported $0.23 earnings per share (EPS) 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 disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders 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 annualized dividend and a dividend yield of 11.9%. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.62. Dorchester Minerals’s dividend payout ratio is presently 255.56%.

Insider Buying and Selling at Dorchester Minerals

In related news, CEO Bradley J. Ehrman bought 2,487 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were acquired at an average cost of $21.60 per share, for a total transaction of $53,719.20. Following the acquisition, the chief executive officer directly owned 121,197 shares of the company’s stock, valued at $2,617,855.20. The trade was a 2.10% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Frank Damon Box bought 5,000 shares of Dorchester Minerals stock in a transaction dated Wednesday, December 3rd. The shares were bought at an average cost of $21.96 per share, with a total value of $109,800.00. Following the completion of the acquisition, the director owned 9,000 shares of the company’s stock, valued at $197,640. The trade was a 125.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 16,338 shares of company stock valued at $353,133. 5.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Dorchester Minerals

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