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

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as $28.25 and last traded at $28.30, with a volume of 86004 shares traded. The stock had previously closed at $29.65.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Dorchester Minerals from a "buy" rating to a "hold" rating in a research note on Monday, February 24th.

Dorchester Minerals Trading Up 5.7 %

The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 13.36 and a beta of 0.79. The company's 50 day moving average is $30.39 and its 200-day moving average is $31.83.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $0.24 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 36.86% and a net margin of 56.77%. The firm had revenue of $39.71 million for the quarter.

Dorchester Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were given a dividend of $0.7394 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a yield of 10.44%. Dorchester Minerals's dividend payout ratio (DPR) is 139.15%.

Insider Buying and Selling at Dorchester Minerals

In other news, CEO Bradley J. Ehrman purchased 3,356 shares of Dorchester Minerals stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $29.80 per share, for a total transaction of $100,008.80. Following the purchase, the chief executive officer now directly owns 117,710 shares of the company's stock, valued at $3,507,758. This trade represents a 2.93 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Minerals Operating Dorchester acquired 6,500 shares of the stock in a transaction on Tuesday, February 4th. The shares were purchased at an average price of $30.90 per share, for a total transaction of $200,850.00. Following the transaction, the insider now directly owns 47,682 shares in the company, valued at approximately $1,473,373.80. This trade represents a 15.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,691 shares of company stock worth $548,939 over the last ninety days. Insiders own 5.90% of the company's stock.

Institutional Investors Weigh In On Dorchester Minerals

Institutional investors have recently modified their holdings of the business. American National Bank & Trust acquired a new stake in Dorchester Minerals in the 1st quarter worth about $639,000. Penbrook Management LLC increased its holdings in shares of Dorchester Minerals by 16.9% during the first quarter. Penbrook Management LLC now owns 14,550 shares of the energy company's stock worth $438,000 after purchasing an additional 2,100 shares during the period. Principal Street Partners LLC raised its position in shares of Dorchester Minerals by 100.6% in the fourth quarter. Principal Street Partners LLC now owns 19,361 shares of the energy company's stock valued at $645,000 after buying an additional 9,711 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Dorchester Minerals in the fourth quarter valued at approximately $3,829,000. Finally, Focus Partners Wealth acquired a new stake in Dorchester Minerals during the fourth quarter worth approximately $208,000. 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.