Leslie A. Moriyama Acquires 3,218 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Leslie A. Moriyama acquired 3,218 shares of the stock in a transaction dated Thursday, November 14th. The stock was acquired at an average price of $32.60 per share, with a total value of $104,906.80. Following the completion of the acquisition, the chief financial officer now owns 71,400 shares in the company, valued at approximately $2,327,640. The trade was a 4.72 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Dorchester Minerals Stock Up 1.0 %

Shares of Dorchester Minerals stock opened at $33.09 on Friday. The company’s fifty day simple moving average is $31.47 and its two-hundred day simple moving average is $31.33. The firm has a market cap of $1.57 billion, a PE ratio of 11.90 and a beta of 1.09. Dorchester Minerals, L.P. has a 12-month low of $27.90 and a 12-month high of $35.74.

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

Dorchester Minerals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were paid a $0.996 dividend. This represents a $3.98 annualized dividend and a yield of 12.04%. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.70. The ex-dividend date was Monday, October 28th. Dorchester Minerals’s dividend payout ratio is presently 143.17%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets purchased a new stake in shares of Dorchester Minerals in the 1st quarter worth approximately $110,000. TCTC Holdings LLC purchased a new stake in shares of Dorchester Minerals during the 1st quarter valued at about $67,000. InterOcean Capital Group LLC bought a new position in Dorchester Minerals in the first quarter worth approximately $211,000. Freestone Capital Holdings LLC raised its holdings in Dorchester Minerals by 182.5% in the 1st quarter. Freestone Capital Holdings LLC now owns 46,619 shares of the energy company’s stock worth $1,572,000 after purchasing an additional 30,119 shares during the period. Finally, Perkins Coie Trust Co purchased a new position in shares of Dorchester Minerals during the 2nd quarter valued at about $31,000. 19.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

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.