Dorchester Minerals (NASDAQ:DMLP) Upgraded to Buy at StockNews.com

Dorchester Minerals (NASDAQ:DMLP) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Dorchester Minerals Trading Down 0.3%

DMLP stock opened at $28.60 on Tuesday. Dorchester Minerals has a 52 week low of $25.84 and a 52 week high of $34.88. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.49 and a beta of 0.62. The firm’s 50-day moving average is $28.99 and its two-hundred day moving average is $31.28.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $0.36 EPS for the quarter. Dorchester Minerals had a net margin of 56.77% and a return on equity of 36.86%.

Insider Transactions at Dorchester Minerals

In related news, insider Minerals Operating Dorchester bought 10,000 shares of the business’s stock in a transaction dated Wednesday, April 30th. The shares were bought at an average cost of $28.76 per share, with a total value of $287,600.00. Following the completion of the transaction, the insider now directly owns 58,017 shares of the company’s stock, valued at approximately $1,668,568.92. This trade represents a 20.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Bradley J. Ehrman bought 3,356 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were bought at an average cost of $29.80 per share, for a total transaction of $100,008.80. Following the completion of the transaction, the chief executive officer now directly owns 117,710 shares of the company’s stock, valued at $3,507,758. This trade represents a 2.93% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Dorchester Minerals

A number of large investors have recently made changes to their positions in the company. Graney & King LLC acquired a new position in Dorchester Minerals during the fourth quarter valued at $28,000. HWG Holdings LP acquired a new position in Dorchester Minerals in the 1st quarter valued at approximately $29,000. Tower Research Capital LLC TRC increased its stake in Dorchester Minerals by 638.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company’s stock valued at $37,000 after buying an additional 952 shares during the period. JPMorgan Chase & Co. increased its stake in Dorchester Minerals by 62.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock valued at $44,000 after buying an additional 556 shares during the period. Finally, Virtus ETF Advisers LLC increased its stake in Dorchester Minerals by 7.5% in the 4th quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company’s stock valued at $191,000 after buying an additional 402 shares during the period. Institutional investors and hedge funds own 19.21% of the company’s stock.

About Dorchester Minerals

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.