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

Dorchester Minerals, L.P. (NASDAQ:DMLP) was the target of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 349,100 shares, a decrease of 8.8% from the January 15th total of 382,900 shares. Based on an average daily volume of 141,200 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.8% of the shares of the company are short sold.

Insider Transactions at Dorchester Minerals

In other news, insider Minerals Operating Dorchester purchased 6,500 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $32.21 per share, for a total transaction of $209,365.00. Following the completion of the purchase, the insider now directly owns 28,728 shares in the company, valued at $925,328.88. The trade was a 29.24 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Leslie A. Moriyama acquired 12,050 shares of Dorchester Minerals stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of $34.41 per share, with a total value of $414,640.50. Following the transaction, the chief financial officer now owns 83,450 shares of the company’s stock, valued at $2,871,514.50. This trade represents a 16.88 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 52,269 shares of company stock worth $1,732,575 over the last 90 days. 7.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dorchester Minerals

A number of large investors have recently made changes to their positions in DMLP. Round Rock Advisors LLC acquired a new position in Dorchester Minerals during the fourth quarter worth about $3,877,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Dorchester Minerals during the 4th quarter worth approximately $3,829,000. Invesco Ltd. acquired a new stake in shares of Dorchester Minerals in the 4th quarter worth approximately $1,524,000. Cresset Asset Management LLC purchased a new position in Dorchester Minerals in the 4th quarter valued at approximately $1,432,000. Finally, Burford Brothers Inc. acquired a new position in Dorchester Minerals during the fourth quarter worth $976,000. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Price Performance

Dorchester Minerals stock opened at $31.98 on Wednesday. The stock’s 50 day moving average price is $32.61 and its 200 day moving average price is $31.95. Dorchester Minerals has a 1-year low of $28.41 and a 1-year high of $35.74. The company has a market cap of $1.51 billion, a PE ratio of 11.50 and a beta of 1.07.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.7394 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a dividend yield of 9.25%. Dorchester Minerals’s dividend payout ratio (DPR) is presently 106.12%.

Dorchester Minerals Company Profile

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.