Dorchester Minerals (NASDAQ:DMLP) Announces Quarterly Earnings Results

Dorchester Minerals (NASDAQ:DMLP) posted its quarterly earnings data on Thursday. The energy company reported $0.24 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $39.71 million for the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%.

Dorchester Minerals Trading Down 0.2 %

NASDAQ DMLP opened at $32.36 on Friday. Dorchester Minerals has a 1 year low of $28.41 and a 1 year high of $35.74. The stock’s 50-day moving average price is $32.59 and its two-hundred day moving average price is $31.95. The company has a market cap of $1.53 billion, a PE ratio of 11.64 and a beta of 1.07.

Dorchester Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.7394 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.96 annualized dividend and a yield of 9.14%. Dorchester Minerals’s payout ratio is presently 106.47%.

Insider Buying and Selling at Dorchester Minerals

In related news, CFO Leslie A. Moriyama bought 12,050 shares of Dorchester Minerals stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of $34.41 per share, for a total transaction of $414,640.50. Following the acquisition, the chief financial officer now owns 83,450 shares in the company, valued at $2,871,514.50. This trade represents a 16.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Bradley J. Ehrman bought 14,430 shares of Dorchester Minerals stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average price of $34.41 per share, with a total value of $496,536.30. Following the completion of the acquisition, the chief executive officer now owns 29,622 shares in the company, valued at approximately $1,019,293.02. The trade was a 94.98 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 52,269 shares of company stock valued at $1,732,575 in the last 90 days. 7.10% of the stock is currently owned by corporate insiders.

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.