Royalty Management (NASDAQ:RMCO) Announces Quarterly Earnings Results

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

Royalty Management Trading Down 4.1%

Shares of NASDAQ RMCO traded down $0.13 during trading on Thursday, hitting $3.05. 16,679 shares of the company were exchanged, compared to its average volume of 14,853. Royalty Management has a 12-month low of $1.53 and a 12-month high of $5.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average price of $2.51 and a 200-day moving average price of $3.01.

Royalty Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 10th. Shareholders of record on Wednesday, September 30th will be paid a $0.0025 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.3%. Royalty Management’s dividend payout ratio (DPR) is -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 bought a new stake in Royalty Management Holding Corporation (NASDAQ:RMCO) in the 4th quarter, according to its most recent disclosure with the SEC. 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 reporting period. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Royalty Management from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Royalty Management presently has a consensus rating of “Hold”.

Royalty Management Company Profile

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.