Royalty Management (NASDAQ:RMCO) Shares Up 2.7% – What’s Next?

Royalty Management Holding Corporation (NASDAQ:RMCO)’s stock price was up 2.7% on Thursday . The stock traded as high as $2.73 and last traded at $2.62. Approximately 8,928 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 90,266 shares. The stock had previously closed at $2.55.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Royalty Management in a 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Royalty Management Trading Up 2.7%

The firm has a market cap of $39.72 million, a P/E ratio of -32.75 and a beta of -0.04. The firm’s fifty day moving average is $2.69 and its two-hundred day moving average is $3.16. The company has a quick ratio of 1.21, a current 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) EPS 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.

Royalty Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, June 30th. Royalty Management’s payout ratio is -12.50%.

Institutional Trading of 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) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned approximately 0.18% of Royalty Management at the end of the most recent quarter. 67.15% of the stock is currently 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.