Dorchester Minerals (NASDAQ:DMLP) Hits New 52-Week Low - What's Next?

Key Points

• Dorchester Minerals shares hit a new 52-week low at $23.92, reflecting a significant drop from the previous close of $24.74.
• The company recently reported quarterly earnings of $0.25 per share and has a dividend yield of 10.4%, but the payout ratio stands at an unsustainable 144.19%.
• Weiss Ratings has reaffirmed a "hold (c-)" rating for Dorchester Minerals, with the stock currently holding a consensus rating of "Hold" from analysts.

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) shares hit a new 52-week low on Saturday . The stock traded as low as $23.92 and last traded at $23.93, with a volume of 197633 shares traded. The stock had previously closed at $24.74.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Dorchester Minerals in a research report on Wednesday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".

Dorchester Minerals Trading Down 3.3%

The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 13.91 and a beta of 0.61. The company has a fifty day moving average of $25.26 and a 200-day moving average of $27.10.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The energy company reported $0.25 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 22.49% and a net margin of 47.35%.The company 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. Investors of record on Monday, August 4th were issued a $0.6202 dividend. This represents a $2.48 annualized dividend and a yield of 10.4%. The ex-dividend date was Monday, August 4th. Dorchester Minerals's payout ratio is presently 144.19%.

Institutional Investors Weigh In On Dorchester Minerals

Several institutional investors have recently bought and sold shares of the company. Baker Tilly Wealth Management LLC boosted its holdings in Dorchester Minerals by 3.3% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 13,088 shares of the energy company's stock worth $339,000 after buying an additional 412 shares during the last quarter. Adams Asset Advisors LLC boosted its holdings in Dorchester Minerals by 21.0% in the 3rd quarter. Adams Asset Advisors LLC now owns 746,675 shares of the energy company's stock worth $19,331,000 after buying an additional 129,567 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Dorchester Minerals by 14.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company's stock worth $104,000 after purchasing an additional 463 shares in the last quarter. Advisory Services Network LLC purchased a new position in Dorchester Minerals in the 2nd quarter worth approximately $475,000. Finally, Geneos Wealth Management Inc. lifted its stake in Dorchester Minerals by 127.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,675 shares of the energy company's stock worth $75,000 after purchasing an additional 1,500 shares in the last quarter. 19.21% of the stock is currently owned by institutional investors and hedge funds.

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.

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