Dorchester Minerals Operating LP has recently increased its stake in Dorchester Minerals, L.P. (NASDAQ:DMLP), a $1.56 billion market cap company, by acquiring additional common units. According to InvestingPro data, the company maintains a GREAT financial health score and has demonstrated consistent shareholder returns. According to a recent SEC filing, the entity under common control purchased a total of 10,500 common units over two days, with the transactions occurring on December 23 and December 26, 2024.
The acquisition involved buying 2,500 units at $32.21, 3,000 units at $32.20, 1,000 units at $32.27, and 4,000 units at $32.86 per unit. The total value of these transactions amounts to $340,835, with the price per unit ranging from $32.20 to $32.86. The stock currently trades near its 52-week high and offers a substantial 12% dividend yield, having maintained dividend payments for 22 consecutive years.
These purchases were made under a 10b5-1 trading plan adopted on November 5, 2024, as noted in the filing. Following these transactions, Dorchester Minerals Operating LP now holds 32,728 common units of Dorchester Minerals, L.P. Based on InvestingPro's Fair Value analysis, the stock appears slightly overvalued at current levels.
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