Dorchester Minerals, L.P. (NASDAQ:DMLP) Short Interest Update

Dorchester Minerals, L.P. (NASDAQ:DMLP) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 407,900 shares, a decrease of 6.4% from the August 15th total of 436,000 shares. Based on an average trading volume of 60,000 shares, the short-interest ratio is currently 6.8 days. Currently, 1.1% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Dorchester Minerals Stock Down 0.2 %

Shares of DMLP opened at $30.72 on Thursday. The firm’s fifty day moving average is $30.65 and its two-hundred day moving average is $31.81. The stock has a market cap of $1.23 billion, a PE ratio of 11.95 and a beta of 1.10. Dorchester Minerals has a 52-week low of $27.16 and a 52-week high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $0.57 earnings per share for the quarter. The firm had revenue of $37.36 million for the quarter. Dorchester Minerals had a net margin of 66.16% and a return on equity of 59.40%.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Monday, July 29th were given a $0.702 dividend. The ex-dividend date was Monday, July 29th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 9.14%. Dorchester Minerals’s dividend payout ratio (DPR) is presently 108.95%.

Insiders Place Their Bets

In related news, insider Minerals Operating Dorchester bought 2,900 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was acquired at an average price of $32.23 per share, with a total value of $93,467.00. Following the completion of the purchase, the insider now directly owns 66,352 shares of the company’s stock, valued at $2,138,524.96. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dorchester Minerals

A number of institutional investors have recently added to or reduced their stakes in DMLP. Greenwich Investment Management Inc. grew its holdings in Dorchester Minerals by 7.5% in the 4th quarter. Greenwich Investment Management Inc. now owns 532,089 shares of the energy company’s stock valued at $16,936,000 after buying an additional 36,965 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Dorchester Minerals in the first quarter valued at about $15,347,000. ING Groep NV increased its position in Dorchester Minerals by 36.0% during the fourth quarter. ING Groep NV now owns 121,000 shares of the energy company’s stock worth $3,851,000 after purchasing an additional 32,000 shares during the last quarter. Moors & Cabot Inc. raised its stake in Dorchester Minerals by 1.6% during the second quarter. Moors & Cabot Inc. now owns 101,911 shares of the energy company’s stock worth $3,144,000 after purchasing an additional 1,611 shares during the period. Finally, GraniteShares Advisors LLC boosted its holdings in Dorchester Minerals by 14.2% in the 2nd quarter. GraniteShares Advisors LLC now owns 60,742 shares of the energy company’s stock valued at $1,874,000 after purchasing an additional 7,576 shares during the last quarter. 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.