Dorchester Minerals, L.P. (NASDAQ:DMLP) Rating Increased to Sell at BidaskClub

Dorchester Minerals, L.P. (NASDAQ:DMLP) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Tuesday, July 11th.

Separately, TheStreet raised Dorchester Minerals, L.P. from a “c+” rating to a “b” rating in a report on Friday, May 26th.

Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) traded up 0.34% on Tuesday, reaching $14.60. The company’s stock had a trading volume of 51,116 shares. The stock has a 50-day moving average price of $14.89 and a 200-day moving average price of $16.28. The company has a market capitalization of $447.86 million, a price-to-earnings ratio of 16.57 and a beta of 0.79. Dorchester Minerals, L.P. has a 1-year low of $14.21 and a 1-year high of $19.30.

Dorchester Minerals, L.P. (NASDAQ:DMLP) last issued its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $12.55 million during the quarter. Dorchester Minerals, L.P. had a return on equity of 41.71% and a net margin of 65.28%.

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In related news, CFO Leslie A. Moriyama purchased 6,417 shares of the business’s stock in a transaction dated Friday, June 30th. The stock was bought at an average cost of $14.98 per share, with a total value of $96,126.66. Following the completion of the acquisition, the chief financial officer now directly owns 10,494 shares in the company, valued at approximately $157,200.12. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William Casey Mcmanemin purchased 150,808 shares of the business’s stock in a transaction dated Friday, June 30th. The stock was bought at an average cost of $14.98 per share, with a total value of $2,259,103.84. Following the completion of the acquisition, the chief executive officer now owns 660,570 shares of the company’s stock, valued at $9,895,338.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 243,859 shares of company stock valued at $3,653,008. 9.20% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in DMLP. Virtu KCG Holdings LLC acquired a new position in Dorchester Minerals, L.P. during the second quarter valued at approximately $201,000. Ameriprise Financial Inc. acquired a new position in Dorchester Minerals, L.P. during the second quarter valued at approximately $161,000. Mraz Amerine & Associates Inc. raised its position in Dorchester Minerals, L.P. by 38.6% in the second quarter. Mraz Amerine & Associates Inc. now owns 37,170 shares of the energy company’s stock valued at $537,000 after buying an additional 10,354 shares during the last quarter. Lee Financial Co raised its position in Dorchester Minerals, L.P. by 9.5% in the second quarter. Lee Financial Co now owns 23,001 shares of the energy company’s stock valued at $332,000 after buying an additional 2,000 shares during the last quarter. Finally, Stephens Inc. AR raised its position in Dorchester Minerals, L.P. by 6.3% in the second quarter. Stephens Inc. AR now owns 27,196 shares of the energy company’s stock valued at $393,000 after buying an additional 1,613 shares during the last quarter. Hedge funds and other institutional investors own 14.28% of the company’s stock.

About Dorchester Minerals, L.P.

Dorchester Minerals, L.P. is a limited partnership company. The Company is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). As of December 31, 2016, the Royalty Properties consisted of producing and nonproducing mineral, royalty, overriding royalty, net profits and leasehold interests located in 574 counties and parishes in 25 states.

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