Sei Investments Co. Acquires 16,194 Shares of Royal Gold, Inc. $RGLD

Sei Investments Co. lifted its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 14.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 127,897 shares of the basic materials company’s stock after buying an additional 16,194 shares during the quarter. Sei Investments Co.’s holdings in Royal Gold were worth $32,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Greenleaf Trust boosted its holdings in Royal Gold by 2.9% during the 4th quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company’s stock valued at $342,000 after acquiring an additional 43 shares during the period. Apollon Wealth Management LLC increased its stake in Royal Gold by 1.5% in the first quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock worth $739,000 after purchasing an additional 44 shares during the period. WPG Advisers LLC increased its stake in Royal Gold by 34.1% in the fourth quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 46 shares during the period. Parcion Private Wealth LLC lifted its position in shares of Royal Gold by 2.9% during the fourth quarter. Parcion Private Wealth LLC now owns 1,701 shares of the basic materials company’s stock worth $378,000 after purchasing an additional 48 shares during the last quarter. Finally, Strs Ohio boosted its stake in shares of Royal Gold by 0.6% during the first quarter. Strs Ohio now owns 8,611 shares of the basic materials company’s stock valued at $2,191,000 after purchasing an additional 48 shares during the period. 83.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total transaction of $107,925.00. Following the transaction, the senior vice president directly owned 8,582 shares in the company, valued at $1,852,424.70. This represents a 5.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by company insiders.

Royal Gold Price Performance

Shares of RGLD stock opened at $201.02 on Tuesday. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month high of $306.25. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $207.14 and a two-hundred day simple moving average of $242.54. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 1.38 and a beta of 0.44.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were paid a $0.475 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.9%. Royal Gold’s dividend payout ratio is 22.65%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RGLD. Jefferies Financial Group cut their price target on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Zacks Research raised shares of Royal Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 2nd. UBS Group dropped their target price on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. National Bank Financial dropped their target price on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Finally, Royal Bank Of Canada reduced their target price on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $280.27.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.