Royalty Management Holding Corporation (NASDAQ:RMCO – Get Free Report)’s stock price was up 2.7% during trading on Thursday . The company traded as high as $2.73 and last traded at $2.62. Approximately 8,928 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 90,266 shares. The stock had previously closed at $2.55.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Royalty Management in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.
Check Out Our Latest Analysis on Royalty Management
Royalty Management Trading Down 2.7%
Royalty Management (NASDAQ:RMCO – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. Royalty Management had a negative net margin of 23.33% and a negative return on equity of 11.50%. The business had revenue of $1.64 million for the quarter, compared to analysts’ expectations of $1.64 million.
Royalty Management Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be given a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Royalty Management’s dividend payout ratio is currently -12.50%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Royalty Management stock. Blair William & Co. IL bought a new stake in Royalty Management Holding Corporation (NASDAQ:RMCO – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned 0.18% of Royalty Management at the end of the most recent reporting period. Hedge funds and other institutional investors own 67.15% of the company’s stock.
About Royalty Management
Royalty Management Corporation is a Houston‐based mineral royalty acquisition and management company that owns and operates a diversified portfolio of oil and gas royalty interests. The firm’s primary business activity is the acquisition of royalty and overriding royalty interests in onshore oil and gas properties, allowing investors to participate in production revenue streams without the operational risks associated with drilling and exploration. Royalty Management targets assets in established U.S.
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