BidaskClub downgraded shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) from a sell rating to a strong sell rating in a report issued on Monday, July 24th.
Separately, TheStreet raised Dorchester Minerals, L.P. from a c+ rating to a b rating in a report on Friday, May 26th.
Shares of Dorchester Minerals, L.P. (DMLP) opened at 14.25 on Monday. The stock has a market capitalization of $459.98 million, a PE ratio of 14.87 and a beta of 0.79. The firm has a 50-day moving average of $14.86 and a 200 day moving average of $16.15. Dorchester Minerals, L.P. has a 52-week low of $13.90 and a 52-week high of $19.30.
Dorchester Minerals, L.P. (NASDAQ:DMLP) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.26 EPS for the quarter. The company had revenue of $12.55 million for the quarter. Dorchester Minerals, L.P. had a return on equity of 41.71% and a net margin of 65.28%.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Shareholders of record on Monday, July 31st were given a dividend of $0.323 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.29 dividend on an annualized basis and a yield of 9.07%. Dorchester Minerals, L.P.’s payout ratio is presently 135.79%.
In other news, COO Bradley J. Ehrman purchased 3,208 shares of Dorchester Minerals, L.P. stock in a transaction dated Friday, June 30th. The stock was acquired at an average cost of $14.98 per share, for a total transaction of $48,055.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Leslie A. Moriyama purchased 6,417 shares of Dorchester Minerals, L.P. stock in a transaction dated Friday, June 30th. The shares were purchased at an average price of $14.98 per share, with a total value of $96,126.66. Following the completion of the acquisition, the chief financial officer now owns 10,494 shares in the company, valued at $157,200.12. The disclosure for this purchase can be found here. Insiders have acquired a total of 243,859 shares of company stock valued at $3,653,008 over the last 90 days. Corporate insiders own 9.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. bought a new position in shares of Dorchester Minerals, L.P. during the second quarter worth $274,000. Virtu KCG Holdings LLC acquired a new position in shares of Dorchester Minerals, L.P. during the second quarter valued at approximately $201,000. Ameriprise Financial Inc. acquired a new position in shares of Dorchester Minerals, L.P. during the second quarter valued at approximately $161,000. Mraz Amerine & Associates Inc. increased its position in shares of Dorchester Minerals, L.P. by 38.6% in the second quarter. Mraz Amerine & Associates Inc. now owns 37,170 shares of the energy company’s stock valued at $537,000 after buying an additional 10,354 shares in the last quarter. Finally, Lee Financial Co increased its position in shares of Dorchester Minerals, L.P. by 9.5% in the second quarter. Lee Financial Co now owns 23,001 shares of the energy company’s stock valued at $332,000 after buying an additional 2,000 shares in the last quarter. 12.85% of the stock is currently owned by institutional investors and hedge funds.
About Dorchester Minerals, L.P.
Dorchester Minerals, L.P. is a limited partnership company. The Company is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). As of December 31, 2016, the Royalty Properties consisted of producing and nonproducing mineral, royalty, overriding royalty, net profits and leasehold interests located in 574 counties and parishes in 25 states.
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