Dorchester Minerals LP (NASDAQ: DMLP) is -0.66% lower on its value in year-to-date trading and has touched a low of $28.41 and a high of $35.74 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DMLP stock was last observed hovering at around $33.62 in the last trading session, with the day’s loss setting it -0.51%.
Currently trading at $33.11, the stock is -0.59% and -0.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing -1.52% at the moment leaves the stock 3.38% off its SMA200. DMLP registered 4.51% gain for a year compared to 6-month gain of 2.44%. The firm has a 50-day simple moving average (SMA 50) of $33.2624 and a 200-day simple moving average (SMA200) of $32.02805.
The stock witnessed a 1.13% loss in the last 1 month and extending the period to 3 months gives it a 3.18%, and is -1.98% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.35% over the week and 2.38% over the month.
Dorchester Minerals LP (DMLP) has around 27 employees, a market worth around $1.57B and $166.50M in sales. Current P/E ratio is 11.89. Profit margin for the company is 66.70%. Distance from 52-week low is 16.54% and -7.36% from its 52-week high.
The EPS is expected to shrink by -15.10% this year.
Dorchester Minerals LP (DMLP) Top Institutional Holders
139.0 institutions hold shares in Dorchester Minerals LP (DMLP), with institutional investors hold 28.91% of the company’s shares. The shares outstanding are 47.34M, and float is at 42.87M with Short Float at 0.92%. Institutions hold 26.17% of the Float.
The top institutional shareholder in the company is HORIZON KINETICS ASSET MANAGEMENT LLC with over 0.89 million shares valued at $27.51 million. The investor’s holdings represent 2.2514% of the DMLP Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 0.68 million shares valued at $21.04 million to account for 1.7217 of the shares outstanding. The other top investors are ADAMS ASSET ADVISORS, LLC which holds 0.61 million shares representing 1.5448% and valued at over $18.88 million, while GREENWICH INVESTMENT MANAGEMENT, INC. holds 1.4699 of the shares totaling 0.58 million with a market value of $17.96 million.
Dorchester Minerals LP (DMLP) Insider Activity
The most recent transaction is an insider purchase by DORCHESTER MINERALS OPERATING, the company’s Entity Under Common Control. SEC filings show that DORCHESTER MINERALS OPERATING bought 954 shares of the company’s common stock on Dec 30 ’24 at a price of $33.19 per share for a total of $31662.0. Following the purchase, the insider now owns 33682.0 shares.
Dorchester Minerals LP disclosed in a document filed with the SEC on Dec 23 ’24 that DORCHESTER MINERALS OPERATING (Entity Under Common Control) bought a total of 6,500 shares of the company’s common stock. The trade occurred on Dec 23 ’24 and was made at $32.21 per share for $0.21 million. Following the transaction, the insider now directly holds 28728.0 shares of the DMLP stock.
Still, SEC filings show that on Dec 26 ’24, DORCHESTER MINERALS OPERATING (Entity Under Common Control) acquired 4,000 shares at an average price of $32.86 for $0.13 million. The insider now directly holds 32,728 shares of Dorchester Minerals LP (DMLP).
