Royalty Management Holding Corporation (NASDAQ:RMCO) Short Interest Update

Royalty Management Holding Corporation (NASDAQ:RMCO) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 22,388 shares, a growth of 60.2% from the May 14th total of 13,974 shares. Based on an average trading volume of 156,400 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Royalty Management in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Royalty Management presently has an average rating of “Hold”.

Royalty Management Price Performance

Shares of NASDAQ:RMCO traded up $0.03 during trading on Tuesday, reaching $2.62. The stock had a trading volume of 471 shares, compared to its average volume of 35,849. Royalty Management has a 52 week low of $1.13 and a 52 week high of $5.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.21. The business’s 50-day moving average price is $2.64 and its 200 day moving average price is $3.15. The stock has a market capitalization of $39.64 million, a PE ratio of -32.69 and a beta of -0.04.

Royalty Management (NASDAQ:RMCO) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.04) EPS for the quarter. Royalty Management had a negative net margin of 23.33% and a negative return on equity of 11.50%. The company had revenue of $1.64 million for the quarter, compared to the consensus estimate of $1.64 million.

Royalty Management Announces Dividend

The business also recently declared 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. This represents a $0.01 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Royalty Management’s dividend payout ratio is -12.50%.

Institutional Trading of Royalty Management

An institutional investor recently bought a new position in Royalty Management stock. Blair William & Co. IL purchased a new stake in shares of Royalty Management Holding Corporation (NASDAQ:RMCO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 reporting period. Institutional investors own 67.15% of the company’s stock.

Royalty Management Company Profile

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.