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

Dorchester Minerals, L.P. (NASDAQ:DMLP) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 432,400 shares, a growth of 21.2% from the February 13th total of 356,900 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 161,900 shares, the days-to-cover ratio is presently 2.7 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Dorchester Minerals from a “buy” rating to a “hold” rating in a research report on Monday, February 24th.

Insider Buying and Selling at Dorchester Minerals

In other news, insider Minerals Operating Dorchester acquired 6,500 shares of Dorchester Minerals stock in a transaction dated Monday, December 23rd. The stock was purchased 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. This trade represents a 29.24 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Bradley J. Ehrman bought 3,356 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average cost of $29.80 per share, with a total value of $100,008.80. Following the acquisition, the chief executive officer now directly owns 117,710 shares of the company’s stock, valued at approximately $3,507,758. This trade represents a 2.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 29,145 shares of company stock worth $921,407. 5.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Graney & King LLC purchased a new position in shares of Dorchester Minerals in the 4th quarter valued at about $28,000. Tower Research Capital LLC TRC grew its holdings in Dorchester Minerals by 638.9% in the fourth 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 period. JPMorgan Chase & Co. increased its position in shares of Dorchester Minerals by 62.6% in the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock valued at $44,000 after buying an additional 556 shares in the last quarter. Virtus ETF Advisers LLC raised its stake in shares of Dorchester Minerals by 7.5% during the 4th quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company’s stock worth $191,000 after buying an additional 402 shares during the period. Finally, Cetera Investment Advisers purchased a new position in shares of Dorchester Minerals during the 4th quarter valued at approximately $200,000. Institutional investors and hedge funds own 19.21% of the company’s stock.

Dorchester Minerals Stock Up 0.3 %

Shares of DMLP traded up $0.09 during mid-day trading on Tuesday, reaching $29.87. The company had a trading volume of 102,646 shares, compared to its average volume of 90,433. The stock has a market capitalization of $1.41 billion, a P/E ratio of 14.09 and a beta of 1.08. Dorchester Minerals has a 52-week low of $28.25 and a 52-week high of $35.74. The stock has a 50 day moving average of $31.54 and a two-hundred day moving average of $31.91.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $0.24 EPS for the quarter. The business had revenue of $39.71 million for the quarter. Dorchester Minerals had a return on equity of 36.86% and a net margin of 56.77%.

Dorchester Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were issued a $0.7394 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a yield of 9.90%. Dorchester Minerals’s payout ratio is 139.15%.

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.