Dorchester Minerals LP (DMLP, Financial), a company engaged in the acquisition, ownership, and administration of producing and non-producing natural gas and crude oil royalty, net profits, and leasehold interests in the United States, recently saw significant insider buying activity. Leslie Moriyama, the Chief Financial Officer of the company, purchased 3,218 shares on November 14, 2024, as reported in the SEC Filing. Following this transaction, the insider now owns a total of 71,400 shares of Dorchester Minerals LP.
Over the past year, Leslie Moriyama has been actively increasing her stake in the company, with a total of 5,648 shares purchased and no shares sold. This recent acquisition aligns with a broader trend of insider buying at Dorchester Minerals LP, where there have been 12 insider buys and no insider sells over the past year.
Shares of Dorchester Minerals LP were priced at $32.6 on the day of the transaction. The company currently holds a market cap of approximately $1.57 billion. The price-earnings ratio of the stock stands at 11.86, which is slightly above the industry median but below the company's historical median.
According to the GF Value, the intrinsic value of Dorchester Minerals LP is estimated at $33.41 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 0.98. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates.
This insider buying activity may be of interest to investors looking for signals from company executives about their confidence in the firm's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
