Dorchester Minerals (NASDAQ:DMLP) Sees Unusually-High Trading Volume

Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) saw unusually-strong trading volume on Monday . Approximately 157,474 shares traded hands during mid-day trading, an increase of 97% from the previous session’s volume of 80,128 shares.The stock last traded at $30.00 and had previously closed at $30.88.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Dorchester Minerals from a “buy” rating to a “hold” rating in a research report on Monday.

Dorchester Minerals Stock Up 1.1 %

The stock has a market capitalization of $1.29 billion, a PE ratio of 12.49 and a beta of 1.10. The firm has a 50 day moving average price of $33.09 and a 200 day moving average price of $31.23.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.90 EPS for the quarter. The business had revenue of $50.42 million during the quarter. Dorchester Minerals had a return on equity of 59.35% and a net margin of 66.57%.

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, April 29th will be issued a $0.782 dividend. This represents a $3.13 annualized dividend and a dividend yield of 9.68%. The ex-dividend date is Friday, April 26th. Dorchester Minerals’s dividend payout ratio is presently 121.40%.

Institutional Investors Weigh In On Dorchester Minerals

Large investors have recently made changes to their positions in the business. GraniteShares Advisors LLC grew its position in Dorchester Minerals by 0.8% during the third quarter. GraniteShares Advisors LLC now owns 48,030 shares of the energy company’s stock valued at $1,395,000 after buying an additional 401 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Dorchester Minerals by 1.9% in the third quarter. Commonwealth Equity Services LLC now owns 22,170 shares of the energy company’s stock worth $644,000 after purchasing an additional 421 shares in the last quarter. Kovack Advisors Inc. increased its stake in shares of Dorchester Minerals by 7.0% in the fourth quarter. Kovack Advisors Inc. now owns 8,025 shares of the energy company’s stock worth $255,000 after purchasing an additional 525 shares in the last quarter. Raymond James & Associates raised its position in shares of Dorchester Minerals by 2.9% in the third quarter. Raymond James & Associates now owns 23,499 shares of the energy company’s stock valued at $683,000 after purchasing an additional 671 shares during the period. Finally, Albert D Mason Inc. boosted its holdings in Dorchester Minerals by 2.4% in the 1st quarter. Albert D Mason Inc. now owns 29,033 shares of the energy company’s stock worth $979,000 after buying an additional 690 shares during the period. 19.21% of the stock is owned by hedge funds and other institutional investors.

Dorchester Minerals Company Profile

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.