Profit ratio

Dorchester Minerals, LP (NASDAQ:DMLP) Brief Interest Update

Dorchester Minerals, LP (NASDAQ: DMLP – Get a rating) was the target of a sharp increase in short interest during the month of May. As of May 31, there was short interest totaling 145,500 shares, an increase of 120.5% from the May 15 total of 66,000 shares. Based on an average daily trading volume of 122,800 shares, the short interest ratio is currently 1.2 days. Approximately 0.4% of the company’s shares are sold short.

A number of hedge funds and other institutional investors have recently bought and sold shares of DMLP. Kingsview Wealth Management LLC acquired a new equity stake in Dorchester Minerals in Q3 worth approximately $10,586,000. Meixler Investment Management Ltd. acquired a new stake in shares of Dorchester Minerals in Q4 worth approximately $10,098,000. Greenwich Investment Management Inc. increased its stake in shares of Dorchester Minerals by 160.4% in Q1. Greenwich Investment Management Inc. now owns 406,544 shares of the energy company worth $10,550,000 after acquiring an additional 250,419 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Dorchester Minerals in Q3 worth approximately $1,625,000. Finally, Concorde Financial Corp acquired a new equity stake in Dorchester Minerals in Q4 worth approximately $1,032,000. Hedge funds and other institutional investors own 18.45% of the company’s shares.

Separately, downgraded shares of Dorchester Minerals from a “strong buy” rating to a “buy” rating in a Monday, May 16 research report.

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The NASDAQ DMLP opened at $31.72 on Friday. Dorchester Minerals has a 52 week low of $15.50 and a 52 week high of $32.61. The stock has a market capitalization of $1.19 billion, a price-earnings ratio of 13.16 and a beta of 1.08. The company has a 50-day moving average price of $27.80 and a two-hundred-day moving average price of $23.93.

Dorchester Minerals (NASDAQ:DMLP- Get a rating) last reported results on Thursday, May 5. The energy company reported EPS of $0.80 for the quarter. Dorchester Minerals had a net margin of 76.70% and a return on equity of 68.83%. The company had revenue of $40.40 million in the quarter.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 12. Shareholders of record on Monday, May 2 received a dividend of $0.754. This is a boost from Dorchester Minerals’ previous quarterly dividend of $0.64. The ex-dividend date was Friday, April 29. This represents an annualized dividend of $3.02 and a yield of 9.51%. Dorchester Minerals’ dividend payout ratio is 125.31%.

About Dorchester Minerals (Get a rating)

Dorchester Minerals, LP is engaged in the acquisition, ownership and administration of producing and non-producing natural gas and crude oil royalties, net profits and leasehold interests in the United States. Its royalty properties consist of producing and non-producing minerals, royalties and overriding royalty interests located in 582 counties and parishes in 26 states; and net profit interests represent net profits in excess of royalty interests in various properties held by the operating limited partnership.

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