Bradley J. Ehrman, the Chief Executive Officer of Dorchester Minerals, L.P. (NASDAQ:DMLP), recently acquired 14,430 common units of the company at an average price of $34.41 per unit, totaling approximately $496,536. The transaction, which took place on December 3, 2024, increased Ehrman's direct ownership to 29,622 common units. The $1.55 billion market cap company maintains a robust 12% dividend yield and has consistently paid dividends for 22 consecutive years. According to InvestingPro analysis, the company's financial health score is rated as "GREAT," though the stock appears slightly overvalued at current levels.
Additionally, Ehrman disposed of 5,679 common units to cover tax liabilities related to an equity incentive plan, valued at approximately $195,414, maintaining his strategic position in the company. These transactions reflect Ehrman's continued involvement and investment in Dorchester Minerals. With a P/E ratio of 11.9 and trading near its 52-week high, InvestingPro subscribers can access 10+ additional exclusive insights about DMLP's valuation and growth prospects.
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