Royalty Management (NASDAQ:RMCO) Stock Price Down 3.4% – What’s Next?

Royalty Management Holding Corporation (NASDAQ:RMCO)’s stock price dropped 3.4% during mid-day trading on Wednesday . The company traded as low as $2.25 and last traded at $2.25. Approximately 24,901 shares changed hands during trading, an increase of 157% from the average session volume of 9,684 shares. The stock had previously closed at $2.33.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Royalty Management from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 17th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Royalty Management Stock Performance

The company has a 50-day simple moving average of $2.46 and a two-hundred day simple moving average of $3.09. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $34.26 million, a P/E ratio of -28.25 and a beta of -0.07.

Royalty Management (NASDAQ:RMCO) last announced its earnings results on Thursday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $1.64 million during the quarter, compared to the consensus estimate of $1.64 million. Royalty Management had a negative return on equity of 11.50% and a negative net margin of 23.33%.

Royalty Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 10th. Investors of record on Wednesday, September 30th will be paid a $0.0025 dividend. This represents a $0.01 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Royalty Management’s dividend payout ratio is presently -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 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. Hedge funds and other institutional investors own 67.15% of the company’s stock.

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.