Dorchester Minerals, L.P. (NASDAQ:DMLP) Director Robert C. Vaughn acquired 6,186 shares of Dorchester Minerals stock in a transaction that occurred on Wednesday, December 6th. The shares were purchased at an average price of $14.72 per share, with a total value of $91,057.92. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) traded up $0.10 on Wednesday, reaching $14.75. The company’s stock had a trading volume of 56,142 shares, compared to its average volume of 67,524. The stock has a market capitalization of $472.90, a PE ratio of 15.10 and a beta of 0.82. Dorchester Minerals, L.P. has a fifty-two week low of $13.90 and a fifty-two week high of $19.30.
Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Friday, November 3rd. The energy company reported $0.22 EPS for the quarter. The business had revenue of $12.48 million during the quarter. Dorchester Minerals had a return on equity of 40.04% and a net margin of 64.05%.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Monday, October 30th were given a $0.2847 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 7.72%. The ex-dividend date of this dividend was Friday, October 27th. Dorchester Minerals’s payout ratio is 118.75%.
Separately, TheStreet cut Dorchester Minerals from a “b-” rating to a “c+” rating in a research report on Tuesday, August 15th.
A number of institutional investors and hedge funds have recently modified their holdings of the business. First Manhattan Co. boosted its stake in shares of Dorchester Minerals by 4.7% in the second quarter. First Manhattan Co. now owns 16,650 shares of the energy company’s stock worth $240,000 after acquiring an additional 750 shares during the period. Stephens Inc. AR boosted its stake in shares of Dorchester Minerals by 6.3% in the second quarter. Stephens Inc. AR now owns 27,196 shares of the energy company’s stock worth $393,000 after acquiring an additional 1,613 shares during the period. Ameriprise Financial Inc. bought a new position in shares of Dorchester Minerals in the second quarter worth about $161,000. Virtu KCG Holdings LLC bought a new position in shares of Dorchester Minerals in the second quarter worth about $201,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Dorchester Minerals in the second quarter worth about $274,000. Institutional investors and hedge funds own 13.47% of the company’s stock.
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About Dorchester Minerals
Dorchester Minerals, L.P. is a limited partnership company. The Company is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). As of December 31, 2016, the Royalty Properties consisted of producing and nonproducing mineral, royalty, overriding royalty, net profits and leasehold interests located in 574 counties and parishes in 25 states.
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