Dorchester Minerals (NASDAQ:DMLP) Hits New 12-Month Low - Time to Sell?

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) shares reached a new 52-week low on Friday . The stock traded as low as $21.02 and last traded at $21.08, with a volume of 13737 shares trading hands. The stock had previously closed at $21.26.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Dorchester Minerals from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Dorchester Minerals presently has a consensus rating of "Sell".

View Our Latest Analysis on Dorchester Minerals

Dorchester Minerals Price Performance

The company has a market cap of $1.02 billion, a P/E ratio of 12.31 and a beta of 0.60. The firm's 50-day moving average is $24.23 and its two-hundred day moving average is $25.90.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The energy company reported $0.23 EPS for the quarter. Dorchester Minerals had a net margin of 47.35% and a return on equity of 22.49%.

Dorchester Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.6899 per share. The ex-dividend date of this dividend was Monday, November 3rd. This is an increase from Dorchester Minerals's previous quarterly dividend of $0.62. This represents a $2.76 annualized dividend and a yield of 13.1%. Dorchester Minerals's payout ratio is presently 255.56%.

Insider Buying and Selling at Dorchester Minerals

In related news, CEO Bradley J. Ehrman acquired 2,487 shares of the stock in a transaction dated Wednesday, November 26th. The stock was acquired at an average cost of $21.60 per share, with a total value of $53,719.20. Following the purchase, the chief executive officer directly owned 121,197 shares of the company's stock, valued at approximately $2,617,855.20. This trade represents a 2.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Leslie A. Moriyama bought 3,041 shares of the company's stock in a transaction dated Tuesday, November 25th. The stock was bought at an average price of $21.50 per share, with a total value of $65,381.50. Following the acquisition, the chief financial officer owned 83,673 shares in the company, valued at approximately $1,798,969.50. This trade represents a 3.77% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 11,143 shares of company stock worth $239,168 over the last ninety days. Company insiders own 5.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Horizon Kinetics Asset Management LLC increased its position in Dorchester Minerals by 0.5% during the second quarter. Horizon Kinetics Asset Management LLC now owns 916,849 shares of the energy company's stock valued at $25,543,000 after acquiring an additional 4,386 shares during the last quarter. Hollow Brook Wealth Management LLC bought a new position in Dorchester Minerals during the 3rd quarter valued at about $20,790,000. Adams Asset Advisors LLC raised its position in Dorchester Minerals by 21.0% in the 3rd quarter. Adams Asset Advisors LLC now owns 746,675 shares of the energy company's stock worth $19,331,000 after purchasing an additional 129,567 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Dorchester Minerals by 258.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 411,908 shares of the energy company's stock worth $12,390,000 after purchasing an additional 297,029 shares during the last quarter. Finally, Delta Investment Management LLC lifted its stake in Dorchester Minerals by 0.5% in the third quarter. Delta Investment Management LLC now owns 295,677 shares of the energy company's stock worth $7,655,000 after purchasing an additional 1,417 shares during the last quarter. 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.

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