Dorchester Minerals, L.P. (DMLP) Surges to 52-Week High, Is Now Top Performer

May 25, 2018 - By wolcottdaily

Investors sentiment increased to 2.88 in 2017 Q4. Its up 1.88, from 1 in 2017Q3. It is positive, as 3 investors sold Dorchester Minerals, L.P. shares while 5 reduced holdings. 8 funds opened positions while 15 raised stakes. 4.88 million shares or 24.71% more from 3.91 million shares in 2017Q3 were reported.
Welch And Forbes Limited Liability Com invested 0.01% of its portfolio in Dorchester Minerals, L.P. (NASDAQ:DMLP). Sandy Spring National Bank & Trust, Maryland-based fund reported 1,200 shares. 61,130 are owned by Penn Davis Mcfarland. Geode Capital Mngmt Llc reported 19,520 shares or 0% of all its holdings. Regions Financial, a Alabama-based fund reported 902 shares. First Manhattan Com invested in 0% or 22,750 shares. Adams Asset Limited Company reported 1% of its portfolio in Dorchester Minerals, L.P. (NASDAQ:DMLP). Hamlin Management Ltd Company, New York-based fund reported 320,160 shares. Stephens Ar holds 0.01% in Dorchester Minerals, L.P. (NASDAQ:DMLP) or 22,719 shares. Renaissance Techs Lc, a New York-based fund reported 155,917 shares. 521,600 were accumulated by Lafitte Mgmt Limited Partnership. National Bank & Trust Of America Corp De holds 131,313 shares or 0% of its portfolio. Raymond James & Associate accumulated 14,832 shares or 0% of the stock. Stifel Fincl has 0% invested in Dorchester Minerals, L.P. (NASDAQ:DMLP) for 44,992 shares. Sanctuary Wealth Advsrs Ltd Liability Corp, a California-based fund reported 241,609 shares.

Since December 19, 2017, it had 7 insider buys, and 0 insider sales for $816,493 activity. The insider DORCHESTER MINERALS OPERATING LP bought $63,509. MORIYAMA LESLIE A also bought $32,497 worth of Dorchester Minerals, L.P. (NASDAQ:DMLP) on Thursday, March 15. LASSITER ALLEN D also bought $159,445 worth of Dorchester Minerals, L.P. (NASDAQ:DMLP) on Tuesday, March 13. VAUGHN ROBERT C had bought 7,475 shares worth $109,133.

The stock of Dorchester Minerals, L.P. (NASDAQ:DMLP) hit a new 52-week high and has $21.64 target or 9.00 % above today’s $19.85 share price. The 5 months bullish chart indicates low risk for the $640.76 million company. The 1-year high was reported on May, 25 by Barchart.com. If the $21.64 price target is reached, the company will be worth $57.67 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.00% or $0.1998 during the last trading session, reaching $19.8502. About 69,341 shares traded or 5.36% up from the average. Dorchester Minerals, L.P. (NASDAQ:DMLP) has declined 5.88% since May 25, 2017 and is downtrending. It has underperformed by 17.43% the S&P500.

More news for Dorchester Minerals, L.P. (NASDAQ:DMLP) were recently published by: Nasdaq.com, which released: “Dorchester Minerals, LP Announces First Quarter Results” on May 03, 2018. Investorplace.com‘s article titled: “20 High-Dividend Stocks With Too Much Cash to Count” and published on May 18, 2018 is yet another important article.

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 has market cap of $640.76 million. 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. It has a 16.85 P/E ratio. Dorchester Minerals Management LP serves as the general partner of Dorchester Minerals, L.P.

Dorchester Minerals, L.P. (NASDAQ:DMLP) Institutional Positions Chart

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