Dorchester Minerals (NASDAQ:DMLP) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Dorchester Minerals (NASDAQ:DMLP) rose above its 200-day moving average, trading as high as $27.48 and last changing hands at $27.22. The stock’s 200-day average was $26.16.
• The company reported Q1 earnings of $0.59 per share on revenue of $58.88 million, with a strong 22.11% return on equity and 40.85% net margin.
• Investor sentiment appears mixed but supported by buying activity: analysts currently rate the stock Hold on average, while insiders have purchased 19,000 shares over the last three months and the company paid a $0.475 quarterly dividend yielding about 7.0%.

Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.16 and traded as high as $27.48. Dorchester Minerals shares last traded at $27.22, with a volume of 104,584 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DMLP shares. Wall Street Zen upgraded Dorchester Minerals from a "hold" rating to a "buy" rating in a research report on Saturday, May 9th. Weiss Ratings restated a "hold (c)" rating on shares of Dorchester Minerals in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold".

Dorchester Minerals Price Performance

The firm's fifty day moving average price is $26.68 and its 200-day moving average price is $26.16. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 19.58 and a beta of 0.55.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.59 EPS for the quarter. Dorchester Minerals had a return on equity of 22.11% and a net margin of 40.85%.The company had revenue of $58.88 million during the quarter.

Dorchester Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 4th were given a $0.475 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.90 annualized dividend and a yield of 7.0%. Dorchester Minerals's dividend payout ratio (DPR) is currently 136.69%.

Insider Transactions at Dorchester Minerals

In other news, insider Minerals Operating Dorchester purchased 7,500 shares of Dorchester Minerals stock in a transaction dated Monday, June 1st. The shares were bought at an average cost of $27.56 per share, for a total transaction of $206,700.00. Following the completion of the acquisition, the insider owned 70,017 shares in the company, valued at approximately $1,929,668.52. This trade represents a 12.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Bradley J. Ehrman acquired 4,000 shares of the company's stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average price of $26.78 per share, with a total value of $107,120.00. Following the acquisition, the chief executive officer owned 142,723 shares in the company, valued at $3,822,121.94. The trade was a 2.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 19,000 shares of company stock worth $526,070 over the last three months. Insiders own 5.90% of the company's stock.

Institutional Trading of Dorchester Minerals

A number of institutional investors and hedge funds have recently bought and sold shares of DMLP. Geneos Wealth Management Inc. boosted its position in shares of Dorchester Minerals by 59.9% during 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 in the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. increased its holdings in Dorchester Minerals by 1.5% in the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 29,960 shares of the energy company's stock worth $776,000 after purchasing an additional 450 shares in the last quarter. Creative Planning increased its holdings in Dorchester Minerals by 4.6% in the third quarter. Creative Planning now owns 10,163 shares of the energy company's stock worth $263,000 after purchasing an additional 450 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Dorchester Minerals by 14.1% in the second quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company's stock valued at $104,000 after buying an additional 463 shares during the period. Finally, Lido Advisors LLC lifted its stake in Dorchester Minerals by 4.7% in the fourth quarter. Lido Advisors LLC now owns 16,388 shares of the energy company's stock valued at $366,000 after buying an additional 738 shares during the period. 19.21% of the stock is currently owned by institutional investors and hedge funds.

About Dorchester Minerals

Dorchester Minerals, L.P. NASDAQ: DMLP is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.

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