Royalty Management (NASDAQ:RMCO) Announces Earnings Results

Royalty Management (NASDAQ:RMCO) released its quarterly earnings results on Thursday. The company reported ($0.04) earnings per share for the quarter, FiscalAI reports. The business had revenue of $1.64 million during the quarter, compared to analyst estimates of $1.59 million. Royalty Management had a negative return on equity of 11.27% and a negative net margin of 23.33%.

Royalty Management Stock Down 13.5%

Shares of Royalty Management stock traded down $0.36 during mid-day trading on Friday, reaching $2.30. 93,146 shares of the stock traded hands, compared to its average volume of 12,472. The business has a 50-day moving average of $3.11 and a 200 day moving average of $3.24. Royalty Management has a fifty-two week low of $0.98 and a fifty-two week high of $5.00. The stock has a market capitalization of $34.85 million, a PE ratio of -28.75 and a beta of 0.01.

Royalty Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.0025 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.4%. Royalty Management’s dividend payout ratio is presently -25.00%.

Hedge Funds Weigh In On Royalty Management

A hedge fund recently bought a new stake in Royalty Management stock. Blair William & Co. IL bought 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 and Exchange Commission (SEC). 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 at the end of the most recent reporting period. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.