Royalty Management (NASDAQ:RMCO) Announces Earnings Results

Royalty Management (NASDAQ:RMCO) posted its earnings results on Wednesday. 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 during the quarter, compared to the consensus estimate of $1.86 million.

Royalty Management Trading Up 3.0%

NASDAQ RMCO traded up $0.09 during mid-day trading on Friday, reaching $3.14. 12,785 shares of the stock were exchanged, compared to its average volume of 30,575. Royalty Management has a one year low of $1.55 and a one year high of $5.00. The stock has a 50 day simple moving average of $2.51 and a 200-day simple moving average of $3.01. The stock has a market cap of $47.65 million, a P/E ratio of -38.94 and a beta of -0.05. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.21.

Royalty Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 10th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.0025 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.01 annualized dividend and a dividend yield of 0.3%. Royalty Management’s dividend 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 acquired a new position in Royalty Management Holding Corporation (NASDAQ:RMCO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Royalty Management from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. One 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’s stock. Based on data from MarketBeat.com, Royalty Management currently has an average 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.