Dorchester Minerals (NASDAQ:DMLP) Reaches New 1-Year Low - Should You Sell?

Key Points

• Dorchester Minerals (NASDAQ:DMLP) has reached a new 52-week low, trading at $23.75, while analysts currently rate the stock with an average "Hold" recommendation.
• The company recently cut its dividend, with an annualized yield of 10.4% and a payout ratio of 144.19%.
• Institutional investors own approximately 19.21% of Dorchester Minerals, with several hedge funds increasing their positions in the stock during the last quarter.

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $23.75 and last traded at $23.91, with a volume of 100138 shares changing hands. The stock had previously closed at $24.13.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of Dorchester Minerals in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold".

Dorchester Minerals Stock Down 0.9%

The company has a market cap of $1.13 billion, a PE ratio of 13.90 and a beta of 0.61. The business's 50 day moving average price is $25.06 and its 200-day moving average price is $26.93.

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. 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 22.49%.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 4th were given a dividend of $0.6202 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 10.4%. Dorchester Minerals's dividend payout ratio (DPR) is presently 144.19%.

Institutional Trading of Dorchester Minerals

A number of hedge funds have recently made changes to their positions in the stock. Baker Tilly Wealth Management LLC grew its position in shares of Dorchester Minerals by 3.3% during the third 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 in the last quarter. Adams Asset Advisors LLC grew its position in shares of Dorchester Minerals by 21.0% during the third 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 in the last quarter. Osaic Holdings Inc. grew its position in shares of Dorchester Minerals by 14.1% during the second quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company's stock worth $104,000 after buying an additional 463 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Dorchester Minerals during the second quarter worth approximately $475,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Dorchester Minerals by 127.7% during the second quarter. Geneos Wealth Management Inc. now owns 2,675 shares of the energy company's stock worth $75,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds 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.

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