Los Angeles Capital Management LLC boosted its stake in shares of Vox Royalty Corp. (NASDAQ:VOXR – Free Report) by 217.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 349,070 shares of the company’s stock after purchasing an additional 238,979 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Vox Royalty were worth $1,508,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the stock. Ashford Capital Management Inc. acquired a new position in shares of Vox Royalty in the 3rd quarter valued at about $10,997,000. Geode Capital Management LLC grew its holdings in Vox Royalty by 36.7% during the fourth quarter. Geode Capital Management LLC now owns 733,661 shares of the company’s stock worth $3,478,000 after acquiring an additional 197,117 shares during the period. King Luther Capital Management Corp purchased a new position in Vox Royalty during the third quarter valued at approximately $2,924,000. NewGen Asset Management Ltd purchased a new position in Vox Royalty during the third quarter valued at approximately $2,637,000. Finally, Hodges Capital Management Inc. acquired a new position in Vox Royalty in the third quarter valued at approximately $1,962,000. Hedge funds and other institutional investors own 45.95% of the company’s stock.
Vox Royalty Trading Down 3.5%
Shares of VOXR stock opened at $4.68 on Thursday. Vox Royalty Corp. has a 12-month low of $3.03 and a 12-month high of $6.70. The business’s 50 day moving average is $5.63 and its two-hundred day moving average is $5.37. The company has a market capitalization of $322.45 million, a P/E ratio of 11.14 and a beta of 0.42.
Vox Royalty Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be issued a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Vox Royalty’s payout ratio is presently 14.29%.
Wall Street Analysts Forecast Growth
VOXR has been the topic of several recent research reports. BMO Capital Markets restated an “outperform” rating on shares of Vox Royalty in a research report on Friday, May 15th. Weiss Ratings cut shares of Vox Royalty from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 5th. Roth Mkm assumed coverage on shares of Vox Royalty in a report on Wednesday, June 3rd. They set a “buy” rating and a $8.00 price target on the stock. Zacks Research upgraded shares of Vox Royalty from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Wall Street Zen raised shares of Vox Royalty from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Vox Royalty presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.
Check Out Our Latest Stock Analysis on Vox Royalty
About Vox Royalty
Vox Royalty Corp. is a mining royalty and streaming company that acquires interest in precious and base metal projects around the world. By investing in royalty and metal stream agreements, the company provides non-dilutive financing to exploration and mining operators in exchange for a percentage of production revenue or metal offtake. This model allows Vox Royalty to build a steady cash-flow profile without the operational risks and capital expenditures associated with direct mine ownership.
Since its founding in 2018 and subsequent listing on the TSX Venture Exchange, Vox Royalty has assembled a diversified portfolio of royalty and stream interests covering gold, silver, copper, zinc, nickel and other battery metals.
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