Royalty Management (NASDAQ:RMCO) Releases Quarterly Earnings Results

Royalty Management (NASDAQ:RMCO) issued its quarterly earnings results on Thursday. The company reported ($0.04) EPS for the quarter, FiscalAI reports. The company had revenue of $1.64 million for the quarter, compared to the consensus estimate of $1.59 million. Royalty Management had a negative return on equity of 6.18% and a negative net margin of 14.71%.

Royalty Management Stock Down 2.6%

Shares of Royalty Management stock traded down $0.07 during midday trading on Thursday, hitting $2.66. The company’s stock had a trading volume of 5,603 shares, compared to its average volume of 12,629. The firm has a market capitalization of $40.30 million, a P/E ratio of -66.50 and a beta of 0.01. The stock has a 50-day simple moving average of $3.15 and a 200-day simple moving average of $3.25. Royalty Management has a 1-year low of $0.98 and a 1-year high of $5.00.

Royalty Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.0025 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.01 annualized dividend and a dividend yield of 0.4%. Royalty Management’s dividend payout ratio (DPR) is currently -25.00%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Trading of Royalty Management

A hedge fund recently bought a new stake in Royalty Management stock. Blair William & Co. IL acquired a new stake in shares of Royalty Management Holding Corporation (NASDAQ:RMCO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned about 0.18% of Royalty Management at the end of the most recent quarter. Institutional investors and hedge funds 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.