Dorchester Minerals (NASDAQ:DMLP) Sees Unusually-High Trading Volume on Insider Buying Activity

Dorchester Minerals, L.P. (NASDAQ:DMLPGet Free Report) saw unusually-high trading volume on Monday after an insider bought additional shares in the company. Approximately 263,794 shares were traded during trading, an increase of 179% from the previous session’s volume of 94,547 shares.The stock last traded at $29.28 and had previously closed at $31.00.

Specifically, CEO Bradley J. Ehrman purchased 4,453 shares of the business’s stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $28.03 per share, for a total transaction of $124,817.59. Following the purchase, the chief executive officer now owns 89,210 shares of the company’s stock, valued at approximately $2,500,556.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Bradley J. Ehrman acquired 4,453 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was purchased at an average price of $28.03 per share, for a total transaction of $124,817.59. Following the completion of the transaction, the chief executive officer now directly owns 89,210 shares in the company, valued at approximately $2,500,556.30. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Minerals Operating Dorchester acquired 7,500 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were purchased at an average price of $33.46 per share, with a total value of $250,950.00. Following the transaction, the insider now owns 42,299 shares of the company’s stock, valued at $1,415,324.54. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 43,467 shares of company stock valued at $1,343,583. 7.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, January 6th.

Read Our Latest Report on DMLP

Dorchester Minerals Stock Up 1.0 %

The company’s 50 day moving average price is $31.16 and its two-hundred day moving average price is $29.76. The stock has a market cap of $1.15 billion, a P/E ratio of 11.23 and a beta of 1.12.

Dorchester Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 8th. Investors of record on Monday, January 29th will be issued a dividend of $1.0079 per share. This represents a $4.03 annualized dividend and a yield of 13.54%. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Friday, January 26th. Dorchester Minerals’s dividend payout ratio (DPR) is presently 152.08%.

Hedge Funds Weigh In On Dorchester Minerals

Several institutional investors have recently bought and sold shares of DMLP. TCG Advisory Services LLC grew its holdings in Dorchester Minerals by 81.8% in the fourth quarter. TCG Advisory Services LLC now owns 14,133 shares of the energy company’s stock worth $450,000 after purchasing an additional 6,360 shares during the last quarter. Kovack Advisors Inc. lifted its position in Dorchester Minerals by 7.0% during the fourth quarter. Kovack Advisors Inc. now owns 8,025 shares of the energy company’s stock valued at $255,000 after purchasing an additional 525 shares during the period. Custom Index Systems LLC acquired a new position in Dorchester Minerals during the fourth quarter valued at $1,256,000. Arlington Trust Co LLC acquired a new position in shares of Dorchester Minerals in the fourth quarter worth about $108,000. Finally, Autumn Glory Partners LLC raised its position in shares of Dorchester Minerals by 100.0% in the fourth quarter. Autumn Glory Partners LLC now owns 40,000 shares of the energy company’s stock worth $1,273,000 after acquiring an additional 20,000 shares during the period. 20.47% of the stock is owned by hedge funds and other institutional investors.

About Dorchester Minerals

(Get Free Report)

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profit, and leasehold interests in the United States. Its royalty properties consist of producing and nonproducing mineral, royalty, and overriding royalty, net profits, and leasehold interests in 592 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.

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