Dorchester Minerals LP (NASDAQ:DMLP) COO Bradley J. Ehrman Buys 3,000 Shares

Dorchester Minerals LP (NASDAQ:DMLP) COO Bradley J. Ehrman acquired 3,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were bought at an average price of $17.99 per share, for a total transaction of $53,970.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Dorchester Minerals stock traded down $0.02 during trading hours on Friday, hitting $17.52. 37,600 shares of the company’s stock traded hands, compared to its average volume of 49,783. Dorchester Minerals LP has a 12-month low of $14.11 and a 12-month high of $21.15. The stock has a market capitalization of $607.59 million, a price-to-earnings ratio of 11.33 and a beta of 1.03. The company has a fifty day simple moving average of $18.52 and a 200-day simple moving average of $18.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 12.92 and a quick ratio of 12.92.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, August 1st. The energy company reported $0.38 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 51.58% and a net margin of 71.35%. The firm had revenue of $20.60 million during the quarter.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Monday, July 29th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 11.76%. The ex-dividend date was Friday, July 26th.

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of Dorchester Minerals by 39.8% during the 2nd quarter. Royal Bank of Canada now owns 3,512 shares of the energy company’s stock valued at $65,000 after purchasing an additional 1,000 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of Dorchester Minerals by 1,228.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,984 shares of the energy company’s stock valued at $73,000 after purchasing an additional 3,684 shares during the last quarter. Gruss & Co. Inc. increased its position in shares of Dorchester Minerals by 39.0% during the 1st quarter. Gruss & Co. Inc. now owns 25,965 shares of the energy company’s stock valued at $474,000 after purchasing an additional 7,282 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Dorchester Minerals by 11.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 27,323 shares of the energy company’s stock valued at $500,000 after purchasing an additional 2,912 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Dorchester Minerals by 10.6% during the 4th quarter. Geode Capital Management LLC now owns 51,588 shares of the energy company’s stock valued at $755,000 after purchasing an additional 4,943 shares during the last quarter. 16.74% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub upgraded Dorchester Minerals from a “sell” rating to a “hold” rating in a research note on Friday, July 12th.

About Dorchester Minerals

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.

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