Royalty Management Holding Corporation to Issue Quarterly Dividend of $0.00 (NASDAQ:RMCO)

Royalty Management Holding Corporation (NASDAQ:RMCO) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.0025 per share on Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, June 30th.

Royalty Management Stock Performance

Shares of NASDAQ RMCO opened at $2.90 on Friday. Royalty Management has a 12-month low of $1.18 and a 12-month high of $5.00. The company has a market cap of $43.96 million, a PE ratio of -36.25 and a beta of -0.04. The stock has a 50 day simple moving average of $2.62 and a 200-day simple moving average of $3.16. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.02.

Royalty Management (NASDAQ:RMCO) last announced its earnings results on Thursday, May 14th. The company reported ($0.04) earnings per share for the quarter. Royalty Management had a negative net margin of 23.33% and a negative return on equity of 11.50%. The business had revenue of $1.64 million for the quarter, compared to the consensus estimate of $1.64 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Royalty Management stock. Blair William & Co. IL purchased a new stake in Royalty Management Holding Corporation (NASDAQ:RMCO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 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 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.