Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Leslie A. Moriyama Buys 3,218 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Leslie A. Moriyama acquired 3,218 shares of Dorchester Minerals stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of $32.60 per share, for a total transaction of $104,906.80. Following the completion of the transaction, the chief financial officer now directly owns 71,400 shares in the company, valued at approximately $2,327,640. The trade was a 4.72 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Dorchester Minerals Stock Performance

Shares of Dorchester Minerals stock opened at $33.09 on Friday. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 11.90 and a beta of 1.09. The company has a fifty day moving average of $31.47 and a 200-day moving average of $31.34. Dorchester Minerals, L.P. has a 52-week low of $27.90 and a 52-week high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share (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 declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, October 28th were paid a $0.996 dividend. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.70. This represents a $3.98 dividend on an annualized basis and a yield of 12.04%. The ex-dividend date of this dividend was Monday, October 28th. Dorchester Minerals’s payout ratio is 143.17%.

Analysts Set New Price Targets

Separately, StockNews.com raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

Institutional Trading of Dorchester Minerals

Institutional investors have recently made changes to their positions in the stock. HWG Holdings LP purchased a new position in shares of Dorchester Minerals in the second quarter worth $30,000. Perkins Coie Trust Co bought a new stake in Dorchester Minerals in the 2nd quarter worth $31,000. TCTC Holdings LLC purchased a new position in shares of Dorchester Minerals in the first quarter valued at about $67,000. BNP Paribas Financial Markets bought a new position in shares of Dorchester Minerals during the first quarter valued at about $110,000. Finally, LGT Financial Advisors LLC purchased a new stake in shares of Dorchester Minerals during the third quarter worth about $166,000. Hedge funds and other 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.