Royalty Management (NASDAQ:RMCO) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Royalty Management (NASDAQ:RMCO) to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Separately, Weiss Ratings upgraded Royalty Management from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 17th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Royalty Management currently has a consensus rating of “Hold”.

Royalty Management Trading Up 0.3%

NASDAQ RMCO opened at $3.04 on Tuesday. The business’s 50-day moving average price is $2.57 and its two-hundred day moving average price is $2.92. Royalty Management has a 12 month low of $1.74 and a 12 month high of $5.00. The firm has a market capitalization of $46.13 million, a PE ratio of -50.67 and a beta of -0.05. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.02.

Royalty Management (NASDAQ:RMCO) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Royalty Management had a negative net margin of 14.53% and a negative return on equity of 7.93%. The company had revenue of $1.83 million during the quarter, compared to analyst estimates of $1.83 million. On average, analysts expect that Royalty Management will post -0.04 EPS for the current year.

Royalty Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 10th. Investors of record on Wednesday, September 30th will be issued a $0.0025 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.01 annualized dividend and a yield of 0.3%. Royalty Management’s payout ratio is presently -16.67%.

Institutional Trading of Royalty Management

A hedge fund recently bought a new position in Royalty Management stock. Blair William & Co. IL acquired a new position in Royalty Management Holding Corporation (NASDAQ:RMCO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 owned by institutional investors and hedge funds.

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.