Royalty Management (NASDAQ:RMCO) Releases Earnings Results

Royalty Management (NASDAQ:RMCO) issued its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share for the quarter, FiscalAI reports. Royalty Management had a negative return on equity of 6.18% and a negative net margin of 14.71%.The firm had revenue of $1.64 million during the quarter, compared to analyst estimates of $1.59 million.

Royalty Management Trading Down 2.6%

RMCO stock traded down $0.07 during trading on Thursday, hitting $2.66. The company had a trading volume of 5,603 shares, compared to its average volume of 12,629. The company has a fifty day moving average price of $3.15 and a two-hundred day moving average price of $3.25. The company has a market cap of $40.30 million, a P/E ratio of -66.50 and a beta of 0.01. Royalty Management has a fifty-two week low of $0.98 and a fifty-two week high of $5.00.

Royalty Management Dividend Announcement

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

Institutional Investors Weigh In On Royalty Management

A hedge fund recently bought a new stake in Royalty Management stock. Blair William & Co. IL bought a new position in Royalty Management Holding Corporation (NASDAQ:RMCO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned about 0.18% of Royalty Management as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 67.15% of the company’s stock.

Wall Street Analysts Forecast Growth

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