Royalty Management (NASDAQ:RMCO) Announces Earnings Results

Royalty Management (NASDAQ:RMCO) announced its earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01), FiscalAI reports. Royalty Management had a negative return on equity of 11.50% and a negative net margin of 23.33%.The company had revenue of $1.83 million for the quarter, compared to analysts’ expectations of $1.86 million.

Royalty Management Trading Down 4.1%

RMCO traded down $0.13 during mid-day trading on Thursday, hitting $3.05. 16,679 shares of the stock were exchanged, compared to its average volume of 14,853. The firm’s fifty day moving average is $2.51 and its two-hundred day moving average is $3.01. Royalty Management has a 1-year low of $1.53 and a 1-year high of $5.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.02. The company has a market cap of $46.24 million, a PE ratio of -38.12 and a beta of -0.05.

Royalty Management Dividend Announcement

The company also recently disclosed 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. This represents a $0.01 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, September 30th. Royalty Management’s payout ratio is currently -12.50%.

Hedge Funds Weigh In On Royalty Management

A hedge fund recently bought a new position in Royalty Management stock. Blair William & Co. IL purchased a new position in shares of Royalty Management Holding Corporation (NASDAQ:RMCO) during the fourth quarter, according to its most recent 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 0.18% of Royalty Management at the end of the most recent reporting period. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Royalty Management from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. One equities research 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. According to data from MarketBeat.com, Royalty Management has a consensus 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.