Bradley Ehrman Purchases 4,000 Shares of Dorchester Minerals (NASDAQ:DMLP) Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Bradley Ehrman acquired 4,000 shares of Dorchester Minerals stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average cost of $26.78 per share, with a total value of $107,120.00. Following the transaction, the chief executive officer owned 142,723 shares of the company’s stock, valued at approximately $3,822,121.94. The trade was a 2.88% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Dorchester Minerals Price Performance

Shares of NASDAQ DMLP opened at $27.07 on Thursday. Dorchester Minerals, L.P. has a one year low of $20.85 and a one year high of $28.95. The business’s 50-day moving average price is $27.47 and its two-hundred day moving average price is $24.97. The company has a market capitalization of $1.31 billion, a P/E ratio of 19.47 and a beta of 0.56.

Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.59 earnings per share for the quarter. The company had revenue of $58.88 million during the quarter. Dorchester Minerals had a return on equity of 22.11% and a net margin of 40.85%.

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 4th will be paid a $0.475 dividend. The ex-dividend date is Monday, May 4th. This represents a $1.90 dividend on an annualized basis and a yield of 7.0%. Dorchester Minerals’s payout ratio is 136.69%.

Institutional Investors Weigh In On Dorchester Minerals

Large investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its holdings in Dorchester Minerals by 33.8% during the first quarter. Cetera Investment Advisers now owns 13,057 shares of the energy company’s stock valued at $354,000 after purchasing an additional 3,298 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Dorchester Minerals by 24.6% in the first quarter. First Trust Advisors LP now owns 173,031 shares of the energy company’s stock worth $4,689,000 after buying an additional 34,191 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Dorchester Minerals in the first quarter worth $209,000. Geneos Wealth Management Inc. boosted its holdings in shares of Dorchester Minerals by 11.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 109,291 shares of the energy company’s stock worth $2,962,000 after buying an additional 11,263 shares during the period. Finally, Azzad Asset Management Inc. ADV acquired a new position in Dorchester Minerals in the 1st quarter valued at $252,000. Institutional investors own 19.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 27th. Wall Street Zen upgraded shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

About Dorchester Minerals

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.