Short Interest in Dorchester Minerals, L.P. (NASDAQ:DMLP) Rises By 5.2%

Dorchester Minerals, L.P. (NASDAQ:DMLP) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 395,900 shares, a growth of 5.2% from the December 31st total of 376,300 shares. Based on an average daily volume of 107,700 shares, the days-to-cover ratio is currently 3.7 days. Approximately 0.9% of the shares of the stock are sold short.

Dorchester Minerals Price Performance

DMLP opened at $31.00 on Wednesday. The stock’s 50 day simple moving average is $33.00 and its 200 day simple moving average is $31.87. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 11.15 and a beta of 1.07. Dorchester Minerals has a 1 year low of $28.41 and a 1 year high of $35.74.

Dorchester Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.7394 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 9.54%. The ex-dividend date is Monday, February 3rd. Dorchester Minerals’s dividend payout ratio (DPR) is presently 143.17%.

Insider Activity

In other Dorchester Minerals news, CFO Leslie A. Moriyama purchased 3,218 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of $32.60 per share, for a total transaction of $104,906.80. Following the completion of the transaction, the chief financial officer now directly owns 71,400 shares in the company, valued at approximately $2,327,640. This represents a 4.72 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Bradley J. Ehrman acquired 14,430 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $34.41 per share, for a total transaction of $496,536.30. Following the acquisition, the chief executive officer now owns 29,622 shares of the company’s stock, valued at approximately $1,019,293.02. This trade represents a 94.98 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 55,152 shares of company stock worth $1,827,077. 7.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Dorchester Minerals by 62.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after buying an additional 556 shares during the period. LGT Financial Advisors LLC purchased a new stake in Dorchester Minerals in the third quarter worth $166,000. MADDEN SECURITIES Corp bought a new stake in Dorchester Minerals in the third quarter valued at $223,000. Apollon Wealth Management LLC purchased a new position in Dorchester Minerals during the 4th quarter valued at $228,000. Finally, Atomi Financial Group Inc. increased its position in Dorchester Minerals by 29.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company’s stock valued at $262,000 after purchasing an additional 1,954 shares during the period. 19.21% of the stock is owned by hedge funds and other institutional investors.

About Dorchester Minerals

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.