Dorchester Minerals (NASDAQ:DMLP) Sets New 12-Month Low - What's Next?

Key Points

• Dorchester Minerals shares recently reached a new 52-week low, trading at $24.12 during mid-day, signaling potential concern among investors.
• Wall Street analysts upgraded the stock from a “hold” to a “buy” rating, indicating a shift in sentiment regarding the company's future performance.
• The company announced a quarterly dividend of $0.6202 per share, with a high annualized yield of 10.0%, despite a payout ratio exceeding 144%.

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $24.12 and last traded at $24.74, with a volume of 302216 shares trading hands. The stock had previously closed at $24.66.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Dorchester Minerals from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

Dorchester Minerals Price Performance

The firm has a market capitalization of $1.16 billion, a P/E ratio of 14.29 and a beta of 0.65. The business has a 50 day moving average price of $27.24 and a 200 day moving average price of $28.61.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last announced its earnings results on Thursday, August 7th. The energy company reported $0.25 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 47.35% and a return on equity of 22.49%. The business had revenue of $32.40 million for the quarter.

Dorchester Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were paid a dividend of $0.6202 per share. This represents a $2.48 annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend was Monday, August 4th. Dorchester Minerals's dividend payout ratio is currently 144.19%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Virtus ETF Advisers LLC raised its holdings in 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 purchasing an additional 402 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Dorchester Minerals by 59.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company's stock valued at $35,000 after buying an additional 440 shares during the period. MADDEN SECURITIES Corp lifted its holdings in Dorchester Minerals by 3.9% in the second quarter. MADDEN SECURITIES Corp now owns 13,382 shares of the energy company's stock valued at $373,000 after buying an additional 500 shares during the period. Americana Partners LLC boosted its stake in Dorchester Minerals by 1.5% in the second quarter. Americana Partners LLC now owns 33,306 shares of the energy company's stock valued at $928,000 after acquiring an additional 500 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its holdings in Dorchester Minerals by 5.3% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 10,090 shares of the energy company's stock worth $281,000 after acquiring an additional 507 shares during the period. 19.21% of the stock is owned by institutional investors.

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.