Dorchester Minerals LP (NASDAQ:DMLP) insider Minerals Operating Dorchester acquired 10,000 shares of Dorchester Minerals stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average cost of $18.59 per share, for a total transaction of $185,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Minerals Operating Dorchester also recently made the following trade(s):
- On Tuesday, June 11th, Minerals Operating Dorchester bought 2,000 shares of Dorchester Minerals stock. The stock was purchased at an average price of $18.66 per share, with a total value of $37,320.00.
Dorchester Minerals stock traded down $0.04 during mid-day trading on Friday, reaching $18.39. The stock had a trading volume of 1,214 shares, compared to its average volume of 31,451. The stock has a market capitalization of $631.52 million, a PE ratio of 10.75 and a beta of 1.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 12.50 and a current ratio of 12.50. Dorchester Minerals LP has a fifty-two week low of $14.11 and a fifty-two week high of $21.15.
Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, May 2nd. The energy company reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $19.03 million for the quarter. Dorchester Minerals had a return on equity of 58.74% and a net margin of 74.48%.
Separately, BidaskClub raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th.
Several large investors have recently made changes to their positions in the stock. Botty Investors LLC boosted its stake in shares of Dorchester Minerals by 0.4% in the 1st quarter. Botty Investors LLC now owns 308,380 shares of the energy company’s stock worth $5,631,000 after buying an additional 1,150 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Dorchester Minerals by 179.0% in the 1st quarter. Wells Fargo & Company MN now owns 17,421 shares of the energy company’s stock worth $318,000 after buying an additional 11,176 shares during the last quarter. Gruss & Co. Inc. boosted its stake in shares of Dorchester Minerals by 39.0% in the 1st quarter. Gruss & Co. Inc. now owns 25,965 shares of the energy company’s stock worth $474,000 after buying an additional 7,282 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Dorchester Minerals by 0.4% in the 1st quarter. Royce & Associates LP now owns 694,645 shares of the energy company’s stock worth $12,684,000 after buying an additional 2,568 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Dorchester Minerals by 3.5% in the 1st quarter. First Trust Advisors LP now owns 319,183 shares of the energy company’s stock worth $5,828,000 after buying an additional 10,877 shares during the last quarter. 16.71% of the stock is currently owned by institutional investors.
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Dorchester Minerals Company Profile
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States. The company's royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.
Further Reading: What is Cost of Goods Sold (COGS)?
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