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

Dorchester Minerals, L.P. (NASDAQ:DMLP) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 395,900 shares, a growth of 5.2% from the December 31st total of 376,300 shares. Based on an average daily trading volume, of 107,700 shares, the days-to-cover ratio is presently 3.7 days. Currently, 0.9% of the shares of the company are sold short.

Dorchester Minerals Price Performance

DMLP opened at $31.00 on Wednesday. The firm has a market capitalization of $1.47 billion, a P/E ratio of 11.15 and a beta of 1.07. Dorchester Minerals has a one year low of $28.41 and a one year high of $35.74. The company has a fifty day moving average price of $33.00 and a 200-day moving average price of $31.87.

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 3rd will be given a dividend of $0.7394 per share. This represents a $2.96 annualized dividend and a yield of 9.54%. The ex-dividend date is Monday, February 3rd. Dorchester Minerals’s payout ratio is 143.17%.

Insider Activity at Dorchester Minerals

In other news, insider Minerals Operating Dorchester acquired 6,500 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $30.90 per share, for a total transaction of $200,850.00. Following the completion of the transaction, the insider now owns 47,682 shares of the company’s stock, valued at $1,473,373.80. The trade was a 15.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Bradley J. Ehrman bought 14,430 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of $34.41 per share, for a total transaction of $496,536.30. Following the acquisition, the chief executive officer now directly owns 29,622 shares in the company, valued at $1,019,293.02. This trade represents a 94.98 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 55,152 shares of company stock worth $1,827,077. 7.10% of the stock is owned by corporate insiders.

Institutional Trading of Dorchester Minerals

Institutional investors and hedge funds have recently modified their holdings of the business. Flagship Harbor Advisors LLC grew its holdings in shares of Dorchester Minerals by 3.6% during the fourth quarter. Flagship Harbor Advisors LLC now owns 8,787 shares of the energy company’s stock worth $293,000 after purchasing an additional 302 shares in the last quarter. Albert D Mason Inc. grew its stake in Dorchester Minerals by 1.8% in the 4th quarter. Albert D Mason Inc. now owns 29,940 shares of the energy company’s stock worth $998,000 after buying an additional 525 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Dorchester Minerals by 62.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after buying an additional 556 shares during the last quarter. Moors & Cabot Inc. increased its holdings in shares of Dorchester Minerals by 0.6% in the 3rd quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock worth $3,092,000 after buying an additional 639 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its position in shares of Dorchester Minerals by 7.8% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock valued at $291,000 after buying an additional 701 shares in 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.