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Top Buys by Top Brass: Chief Financial Officer Allen Jr.'s $107.1K Bet on DMLP

By: BNK Invest
Posted: 7/8/2014 10:10:00 AM
Referenced Stocks: DMLP;MLPJ

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money - maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $107.1K invested across 3 purchases by H. C. Allen Jr., Chief Financial Officer at Dorchester Minerals LP (Symbol: DMLP).

Purchased Insider Title Shares Price/Share Value
02/05/2014 H. C. Allen Jr. Chief Financial Officer 2,000 $24.31 $48,624.95
05/08/2014 H. C. Allen Jr. Chief Financial Officer 1,571 $27.58 $43,326.50
07/03/2014 H. C. Allen Jr. Chief Financial Officer 500 $30.20 $15,100.00

Allen Jr.'s average cost works out to $26.30/share. Shares of Dorchester Minerals LP were changing hands at $30.44 at last check, trading off about 0.2% on Tuesday. The chart below shows the one year performance of DMLP shares, versus its 200 day moving average:

Dorchester Minerals LP Chart

Looking at the chart above, DMLP's low point in its 52 week range is $23.56 per share, with $30.74 as the 52 week high point - that compares with a last trade of $30.44.

The current annualized dividend paid by Dorchester Minerals LP is $1.984688/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 04/16/2014. Below is a long-term dividend history chart for DMLP, which can be of good help in judging whether the most recent dividend with approx. 6.5% annualized yield is likely to continue.


DMLP makes up 2.56% of the Junior MLP ETF (Symbol: MLPJ)

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