Dorchester Minerals (NASDAQ:DMLP) Stock Passes Above 50 Day Moving Average of $18.62

Dorchester Minerals LP (NASDAQ:DMLP)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.62 and traded as high as $18.40. Dorchester Minerals shares last traded at $18.35, with a volume of 5,431 shares.

Separately, BidaskClub upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th.

The firm has a market cap of $634.99 million, a PE ratio of 10.77 and a beta of 1.03. The business’s fifty day moving average is $18.61. The company has a debt-to-equity ratio of 0.02, a current ratio of 12.50 and a quick ratio of 12.50.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.42 EPS for the quarter. Dorchester Minerals had a return on equity of 58.74% and a net margin of 74.48%. The firm had revenue of $19.03 million for the quarter.

In other Dorchester Minerals news, COO Bradley J. Ehrman acquired 5,773 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average cost of $18.89 per share, for a total transaction of $109,051.97. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Minerals Operating Dorchester acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average price of $18.59 per share, for a total transaction of $185,900.00. The disclosure for this purchase can be found here. Insiders purchased 23,940 shares of company stock worth $445,313 over the last quarter. 9.40% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SCW Capital Management LP acquired a new position in Dorchester Minerals in the fourth quarter valued at approximately $11,395,000. Royce & Associates LP raised its position in Dorchester Minerals by 0.4% in the first quarter. Royce & Associates LP now owns 694,645 shares of the energy company’s stock valued at $12,684,000 after purchasing an additional 2,568 shares during the period. First Trust Advisors LP raised its position in Dorchester Minerals by 3.5% in the first quarter. First Trust Advisors LP now owns 319,183 shares of the energy company’s stock valued at $5,828,000 after purchasing an additional 10,877 shares during the period. Botty Investors LLC raised its position in Dorchester Minerals by 0.4% in the first quarter. Botty Investors LLC now owns 308,380 shares of the energy company’s stock valued at $5,631,000 after purchasing an additional 1,150 shares during the period. Finally, Creative Planning raised its position in Dorchester Minerals by 28.5% in the first quarter. Creative Planning now owns 66,065 shares of the energy company’s stock valued at $1,206,000 after purchasing an additional 14,655 shares during the period. Hedge funds and other institutional investors own 16.71% of the company’s stock.

Dorchester Minerals Company Profile (NASDAQ:DMLP)

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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