Dorchester Minerals (NASDAQ:DMLP) Reaches New 1-Year Low - What's Next?

Key Points

• Dorchester Minerals (NASDAQ:DMLP) reached a new 52-week low of $25.79, reflecting a decrease from its previous close of $26.27, with a trading volume of 85,174 shares.
• Analysts upgraded the stock from a "hold" to a "buy" rating recently, despite the company experiencing a decline in stock value.
• The firm reported a quarterly revenue of $32.40 million and a net margin of 52.49%, while announcing a quarterly dividend of $0.6202 per share, leading to a high dividend yield of 9.6%.

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $25.79 and last traded at $25.77, with a volume of 85174 shares changing hands. The stock had previously closed at $26.27.

Wall Street Analyst Weigh In

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

Dorchester Minerals Stock Down 1.4%

The company has a market cap of $1.23 billion, a PE ratio of 15.05 and a beta of 0.65. The stock's 50 day simple moving average is $27.50 and its two-hundred day simple moving average is $28.88.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The energy company reported $0.25 earnings per share for the quarter. The company had revenue of $32.40 million for the quarter. Dorchester Minerals had a net margin of 47.35% and a return on equity of 21.76%.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Monday, August 4th will be paid a dividend of $0.6202 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.48 dividend on an annualized basis and a yield of 9.6%. Dorchester Minerals's dividend payout ratio (DPR) is currently 121.57%.

Hedge Funds Weigh In On Dorchester Minerals

Hedge funds have recently made changes to their positions in the business. Winch Advisory Services LLC purchased a new position in shares of Dorchester Minerals in the 2nd quarter valued at $28,000. HWG Holdings LP purchased a new position in shares of Dorchester Minerals in the 1st quarter valued at $29,000. Atlantic Union Bankshares Corp purchased a new position in shares of Dorchester Minerals in the 2nd quarter valued at $33,000. Geneos Wealth Management Inc. raised its stake in shares of Dorchester Minerals by 59.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company's stock valued at $35,000 after acquiring an additional 440 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Dorchester Minerals by 638.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company's stock valued at $37,000 after acquiring an additional 952 shares during the period. 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.