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Snatch This Bargain Even Cheaper Than Chief Operating Officer Ehrman Did

By Market News Video Staff, Wednesday, May 15, 1:20 PM ET

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 10, Dorchester Minerals LP's Chief Operating Officer, Bradley J. Ehrman, invested $109,051.97 into 5,773 shares of DMLP, for a cost per share of $18.89. Bargain hunters tend to pay particular attention to insider buys like this one, because 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.

In trading on Wednesday, bargain hunters could buy shares of Dorchester Minerals LP (NASDAQ:DMLP) and achieve a cost basis even cheaper than Ehrman, with shares changing hands as low as $18.88 per share. Dorchester Minerals LP shares are currently trading off about 0.6% on the day. 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 $14.1078 per share, with $21.15 as the 52 week high point — that compares with a last trade of $18.93. By comparison, below is a table showing the prices at which DMLP insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
05/10/2019 Bradley J. Ehrman Chief Operating Officer 5,773 $18.89 $109,051.97

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