Dorchester Minerals (NASDAQ:DMLP) Reaches New 52-Week Low - Time to Sell?

Key Points

• Dorchester Minerals' share price reached a new 52-week low of $24.01, closing slightly higher at $24.12 with a trading volume of 100,006 shares.
• Analysts upgraded Dorchester Minerals from a "hold" to a "buy" rating, indicating potential positive sentiment toward the stock despite its recent decline.
• The company reported a dividend payout ratio of 144.19%, reflecting a significant payout of $0.6202 per share, which could raise concerns about sustainability given its financial metrics.

Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $24.01 and last traded at $24.12, with a volume of 100006 shares changing hands. The stock had previously closed at $24.33.

Wall Street Analyst Weigh In

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

Dorchester Minerals Stock Performance

The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 14.44 and a beta of 0.65. The firm has a 50-day moving average price of $26.87 and a two-hundred day moving average price of $28.37.

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

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were paid a $0.6202 dividend. This represents a $2.48 annualized dividend and a dividend yield of 10.0%. The ex-dividend date was Monday, August 4th. Dorchester Minerals's dividend payout ratio (DPR) is 144.19%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Virtus ETF Advisers LLC grew its stake in shares of Dorchester Minerals by 7.5% in the 4th quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company's stock valued at $191,000 after purchasing an additional 402 shares during the last quarter. Geneos Wealth Management Inc. grew 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 purchasing an additional 440 shares during the last quarter. MADDEN SECURITIES Corp grew its stake in shares of Dorchester Minerals by 3.9% in the 2nd quarter. MADDEN SECURITIES Corp now owns 13,382 shares of the energy company's stock valued at $373,000 after purchasing an additional 500 shares during the last quarter. Americana Partners LLC grew its stake in shares of Dorchester Minerals by 1.5% in the 2nd quarter. Americana Partners LLC now owns 33,306 shares of the energy company's stock valued at $928,000 after purchasing an additional 500 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in shares of Dorchester Minerals by 5.3% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 10,090 shares of the energy company's stock valued at $281,000 after purchasing an additional 507 shares during the last quarter. 19.21% of the stock is currently owned by hedge funds and other institutional investors.

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.