Dorchester Minerals, L.P. (NASDAQ:DMLP) Short Interest Update

Dorchester Minerals, L.P. (NASDAQ:DMLP) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 478,600 shares, an increase of 13.4% from the October 15th total of 422,200 shares. Based on an average daily trading volume, of 64,400 shares, the days-to-cover ratio is currently 7.4 days. Approximately 1.1% of the company’s stock are sold short.

Dorchester Minerals Price Performance

DMLP traded up $0.36 on Monday, reaching $33.45. 22,170 shares of the stock were exchanged, compared to its average volume of 68,476. The company’s 50-day moving average price is $31.47 and its 200 day moving average price is $31.32. The firm has a market capitalization of $1.58 billion, a PE ratio of 11.95 and a beta of 1.09. Dorchester Minerals has a fifty-two week low of $27.90 and a fifty-two week high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $0.87 EPS for the quarter. The business 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 business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were paid a $0.996 dividend. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.70. The ex-dividend date was Monday, October 28th. This represents a $3.98 dividend on an annualized basis and a dividend yield of 11.91%. Dorchester Minerals’s dividend payout ratio is presently 143.17%.

Insider Buying and Selling at Dorchester Minerals

In other Dorchester Minerals news, CFO Leslie A. Moriyama purchased 3,218 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was bought at an average cost of $32.60 per share, for a total transaction of $104,906.80. Following the completion of the purchase, the chief financial officer now owns 71,400 shares in the company, valued at $2,327,640. This represents a 4.72 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new position in shares of Dorchester Minerals in the 1st quarter valued at $110,000. InterOcean Capital Group LLC purchased a new position in shares of Dorchester Minerals in the 1st quarter valued at about $211,000. Freestone Capital Holdings LLC boosted its position in Dorchester Minerals by 182.5% during the first 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 in the last quarter. Perkins Coie Trust Co acquired a new stake in Dorchester Minerals in the second quarter valued at approximately $31,000. Finally, Albert D Mason Inc. increased its position in shares of Dorchester Minerals by 1.3% in the second quarter. Albert D Mason Inc. now owns 29,415 shares of the energy company’s stock valued at $907,000 after buying an additional 382 shares in the last quarter. 19.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a 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.