Dorchester Minerals (NASDAQ:DMLP) Shares Gap Down – What’s Next?

Dorchester Minerals, L.P. (NASDAQ:DMLP) shares gapped down prior to trading on Monday . The stock had previously closed at $27.61, but opened at $26.14. Dorchester Minerals shares last traded at $25.4140, with a volume of 55,020 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DMLP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorchester Minerals in a research report on Wednesday, June 24th. Wall Street Zen raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Dorchester Minerals presently has a consensus rating of “Hold”.

Dorchester Minerals Price Performance

The firm has a 50 day moving average of $26.68 and a 200-day moving average of $26.55. The stock has a market capitalization of $1.25 billion, a P/E ratio of 18.68 and a beta of 0.54.

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

Dorchester Minerals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 3rd will be paid a $1.2729 dividend. The ex-dividend date is Monday, August 3rd. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.48. This represents a $5.09 dividend on an annualized basis and a dividend yield of 19.6%. Dorchester Minerals’s dividend payout ratio is currently 136.69%.

Insider Buying and Selling at Dorchester Minerals

In other Dorchester Minerals news, insider Minerals Operating Dorchester acquired 7,500 shares of Dorchester Minerals stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $27.56 per share, with a total value of $206,700.00. Following the acquisition, the insider owned 70,017 shares of the company’s stock, valued at approximately $1,929,668.52. The trade was a 12.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Bradley J. Ehrman bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $26.78 per share, for a total transaction of $107,120.00. Following the completion of the transaction, the chief executive officer owned 142,723 shares in the company, valued at $3,822,121.94. This represents a 2.88% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 19,000 shares of company stock valued at $526,070. 5.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DMLP. ING Groep NV raised its position in Dorchester Minerals by 38.3% in the 4th quarter. ING Groep NV now owns 131,500 shares of the energy company’s stock valued at $2,940,000 after purchasing an additional 36,400 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Dorchester Minerals by 147.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 98,028 shares of the energy company’s stock worth $2,192,000 after buying an additional 58,430 shares in the last quarter. GraniteShares Advisors LLC grew its stake in shares of Dorchester Minerals by 34.2% during the fourth quarter. GraniteShares Advisors LLC now owns 122,472 shares of the energy company’s stock valued at $2,738,000 after purchasing an additional 31,226 shares during the last quarter. Texas Yale Capital Corp. increased its stake in shares of Dorchester Minerals by 15.8% in the 4th quarter. Texas Yale Capital Corp. now owns 201,500 shares of the energy company’s stock valued at $4,506,000 after buying an additional 27,500 shares during the period. Finally, ArchPoint Investors boosted its holdings in Dorchester Minerals by 4.1% in the fourth quarter. ArchPoint Investors now owns 559,260 shares of the energy company’s stock valued at $12,505,000 after acquiring an additional 22,201 shares during the last quarter. Institutional investors own 19.21% of the company’s stock.

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.