Ashford Capital Management Inc. Increases Holdings in Vox Royalty Corp. $VOXR

Ashford Capital Management Inc. boosted its stake in shares of Vox Royalty Corp. (NASDAQ:VOXR) by 13.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,586,900 shares of the company’s stock after buying an additional 434,530 shares during the period. Vox Royalty accounts for 2.3% of Ashford Capital Management Inc.’s investment portfolio, making the stock its 14th largest position. Ashford Capital Management Inc. owned 0.05% of Vox Royalty worth $18,795,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. McAlvany Wealth Management LLC grew its holdings in shares of Vox Royalty by 33.5% in the first quarter. McAlvany Wealth Management LLC now owns 733,415 shares of the company’s stock valued at $3,513,000 after purchasing an additional 184,002 shares during the period. Los Angeles Capital Management LLC increased its position in Vox Royalty by 217.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 349,070 shares of the company’s stock worth $1,508,000 after purchasing an additional 238,979 shares during the last quarter. AXQ Capital LP purchased a new position in Vox Royalty during the fourth quarter worth about $131,000. Total Wealth Planning & Management Inc. purchased a new position in Vox Royalty during the fourth quarter worth about $250,000. Finally, State of Alaska Department of Revenue acquired a new position in Vox Royalty in the 4th quarter valued at about $64,000. 45.95% of the stock is currently owned by hedge funds and other institutional investors.

Vox Royalty Stock Performance

Shares of VOXR stock opened at $4.29 on Tuesday. The firm has a market cap of $297.94 million, a P/E ratio of 10.21 and a beta of 0.50. The firm’s 50 day moving average price is $5.03 and its 200-day moving average price is $5.31. Vox Royalty Corp. has a one year low of $3.13 and a one year high of $6.70.

Vox Royalty (NASDAQ:VOXR) last announced its earnings results on Wednesday, May 13th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.28. The company had revenue of $16.04 million for the quarter, compared to analyst estimates of $7.72 million. Vox Royalty had a return on equity of 8.16% and a net margin of 190.73%. As a group, research analysts predict that Vox Royalty Corp. will post 0.2 EPS for the current fiscal year.

Vox Royalty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid a $0.015 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.4%. Vox Royalty’s payout ratio is presently 14.29%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of Vox Royalty from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Roth Capital reaffirmed a “buy” rating and set a $8.00 price target on shares of Vox Royalty in a research report on Monday, June 29th. Zacks Research upgraded Vox Royalty from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Weiss Ratings lowered Vox Royalty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Vox Royalty in a research note on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

Vox Royalty Company Profile

Vox Royalty Corp. is a mining royalty and streaming company that acquires interest in precious and base metal projects around the world. By investing in royalty and metal stream agreements, the company provides non-dilutive financing to exploration and mining operators in exchange for a percentage of production revenue or metal offtake. This model allows Vox Royalty to build a steady cash-flow profile without the operational risks and capital expenditures associated with direct mine ownership.

Since its founding in 2018 and subsequent listing on the TSX Venture Exchange, Vox Royalty has assembled a diversified portfolio of royalty and stream interests covering gold, silver, copper, zinc, nickel and other battery metals.