K2 Principal Fund L.P. Acquires New Shares in Vox Royalty Corp. $VOXR

K2 Principal Fund L.P. purchased a new stake in shares of Vox Royalty Corp. (NASDAQ:VOXR) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 273,662 shares of the company’s stock, valued at approximately $1,294,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Vox Royalty in the second quarter worth $30,614,000. Ashford Capital Management Inc. acquired a new position in shares of Vox Royalty in the 3rd quarter worth approximately $10,997,000. McAlvany Wealth Management LLC bought a new position in shares of Vox Royalty in the fourth quarter valued at $2,604,000. Geode Capital Management LLC acquired a new stake in shares of Vox Royalty during the second quarter worth $1,672,000. Finally, Alyeska Investment Group L.P. purchased a new stake in Vox Royalty during the third quarter valued at about $1,828,000. 45.95% of the stock is owned by institutional investors.

Vox Royalty Trading Down 3.8%

NASDAQ VOXR opened at $5.12 on Wednesday. The stock’s 50 day moving average is $4.75 and its two-hundred day moving average is $5.29. Vox Royalty Corp. has a 1-year low of $3.13 and a 1-year high of $6.70. The company has a market capitalization of $355.59 million, a price-to-earnings ratio of 7.64 and a beta of 0.53.

Vox Royalty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a $0.015 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.06 annualized dividend and a dividend yield of 1.2%. Vox Royalty’s dividend payout ratio is presently 8.96%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VOXR. BMO Capital Markets restated an “outperform” rating on shares of Vox Royalty in a report on Friday, May 15th. Weiss Ratings downgraded shares of Vox Royalty from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. Zacks Research raised Vox Royalty from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Roth Capital set a $7.75 target price on shares of Vox Royalty in a research note on Tuesday. Finally, Wall Street Zen downgraded Vox Royalty from a “buy” rating to a “hold” rating in a research report on Sunday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $7.75.

About Vox Royalty

Vox Royalty Corp. is a mining royalty and streaming company that acquires interest in precious and base metal projects around the world. By investing in royalty and metal stream agreements, the company provides non-dilutive financing to exploration and mining operators in exchange for a percentage of production revenue or metal offtake. This model allows Vox Royalty to build a steady cash-flow profile without the operational risks and capital expenditures associated with direct mine ownership.

Since its founding in 2018 and subsequent listing on the TSX Venture Exchange, Vox Royalty has assembled a diversified portfolio of royalty and stream interests covering gold, silver, copper, zinc, nickel and other battery metals.