Royalty Management (NASDAQ:RMCO) Issues Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Royalty Management (NASDAQ:RMCO) posted its quarterly earnings data on Tuesday. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.06), FiscalAI reports. Royalty Management had a negative net margin of 9.22% and a negative return on equity of 2.94%. The company had revenue of $1.40 million for the quarter, compared to analysts’ expectations of $2.00 million.

Royalty Management Trading Up 5.2%

Shares of NASDAQ RMCO opened at $2.43 on Tuesday. The stock has a market cap of $36.79 million, a price-to-earnings ratio of -243.00 and a beta of -0.05. Royalty Management has a 52 week low of $0.91 and a 52 week high of $5.00. The company’s 50-day moving average price is $3.91 and its 200 day moving average price is $3.21.

Royalty Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be given a $0.0025 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.01 annualized dividend and a dividend yield of 0.4%. Royalty Management’s payout ratio is currently -100.00%.

Institutional Trading of Royalty Management

An institutional investor recently bought a new position in Royalty Management stock. Blair William & Co. IL bought a new stake in shares of Royalty Management Holding Corporation (NASDAQ:RMCO) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned approximately 0.18% of Royalty Management at the end of the most recent quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Royalty Management in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.