MORIYAMA LESLIE A

CFO Moriyama buys 3,041 DMLP shares at $21.50; stock down -36.7% from 52-week high, cluster buy pattern detected

Leslie Moriyama (CFO) purchased 3,041 shares of Dorchester Minerals at $21.50, increasing holdings to 83,673 shares. The transaction occurred when the stock trades -36.7% below its 52-week high and down -12.2% over 30 days. Notably, 2 other insiders also bought within the past 14 days, forming a cluster acquisition pattern. However, Moriyama's prior buy timing at this ticker shows mixed results: only 1 of 5 previous purchases generated positive 90-day returns (20% timing success rate at DMLP), with the most recent December 2024 purchase still underwater at -15.2% over 90 days. Against depressed near-term price momentum, the multi-insider buying activity is noteworthy, though the stock remains -12.8% over 90 days from a fundamentals perspective where revenue growth sits at -1.4% year-over-year.

CFO Leslie Moriyama bought 12,050 DMLP shares at $34.41, adding 18.3% to existing stake of 65.9K shares

Leslie Moriyama, Chief Financial Officer, purchased 12,050 shares of Dorchester Minerals (DMLP) at $34.41, expanding his holdings from 65.9K to 77.9K shares (an 18.3% increase). This buy occurred 19 days after a prior purchase on 2024-11-14, suggesting sustained accumulation in the partnership. At the transaction price of $34.41, the stock was near its 52-week high of $35.44. Looking at his prior DMLP purchases: the 2023-11-10 buy showed a +6.5% 90-day return, but the two 2024-05-17 buys each declined modestly over 90 days (-1.4% and -1.0% respectively). Across his cross-ticker open-market history, he has a 33.33% win rate at the 90-day mark with a +1.4% average 90d return, indicating mixed timing overall. The company trades at a P/E of 13.64 with $1.6B market cap, and most recently reported $53.5M quarterly revenue and $36.4M net income, though annual revenue contracted 4.1% year-over-year.

CFO Leslie A Moriyama purchases 3,218 DMLP shares at $32.60; stock now at $33.09 (+3.1% in 30d), CFO holdings rise to 71,400 shares (+4.7%)

Leslie A Moriyama, Chief Financial Officer of Dorchester Minerals, purchased 3,218 shares at $32.60 on 2024-11-14, bringing total holdings to 71,400 shares. The transaction adds $104,906.80 in capital and represents a 4.7% increase to the CFO's position. While the stock has appreciated 3.1% over the last 30 days and 5.6% over 90 days, the CFO's prior purchase activity at DMLP shows mixed results: two May 2024 purchases each declined 5–6% over 30 days and 1–1.4% over 90 days, while a November 2023 purchase gained 6.7% in 30 days and 6.5% in 90 days. The company itself faces headwinds, with annual revenue declining 4.1% year-over-year, though it maintains a reasonable 13.62 P/E and a $1.6B market cap supported by strong near-term cash flow ($36.4M net income in the latest quarter). The purchase occurs in a recovery phase after recent weakness but lacks sufficient context to determine whether it reflects material conviction or routine portfolio activity.