Dorchester Minerals (NASDAQ:DMLP) Reaches New 12-Month Low – Should You Sell?

Dorchester Minerals, L.P. (NASDAQ:DMLP) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $25.79 and last traded at $25.77, with a volume of 85174 shares trading hands. The stock had previously closed at $26.27.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th.

Dorchester Minerals Stock Down 1.4%

The company has a market cap of $1.23 billion, a P/E ratio of 15.05 and a beta of 0.65. The stock has a 50 day moving average price of $27.50 and a two-hundred day moving average price of $28.88.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, August 7th. The energy company reported $0.25 earnings per share for the quarter. The company had revenue of $32.40 million for the quarter. Dorchester Minerals had a return on equity of 21.76% and a net margin of 47.35%.

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, August 4th will be issued a dividend of $0.6202 per share. This represents a $2.48 annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend is Monday, August 4th. Dorchester Minerals’s dividend payout ratio is 121.57%.

Hedge Funds Weigh In On Dorchester Minerals

Hedge funds and other institutional investors have recently modified their holdings of the business. Winch Advisory Services LLC bought a new position in shares of Dorchester Minerals in the 2nd quarter valued at $28,000. HWG Holdings LP bought a new position in shares of Dorchester Minerals in the 1st quarter valued at $29,000. Atlantic Union Bankshares Corp bought a new position in shares of Dorchester Minerals in the 2nd quarter valued at $33,000. Geneos Wealth Management Inc. increased its stake in shares of Dorchester Minerals by 59.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after purchasing an additional 440 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of 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 purchasing an additional 952 shares during the last quarter. Institutional investors 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.