Royalty Management (NASDAQ:RMCO) Issues Quarterly Earnings Results

Royalty Management (NASDAQ:RMCO) posted its earnings results on Wednesday. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01), FiscalAI reports. The business had revenue of $1.83 million during the quarter, compared to analysts’ expectations of $1.86 million. Royalty Management had a negative net margin of 23.33% and a negative return on equity of 11.50%.

Royalty Management Stock Performance

Shares of Royalty Management stock traded up $0.15 during trading on Friday, reaching $3.20. The company’s stock had a trading volume of 10,089 shares, compared to its average volume of 30,556. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.02. The firm has a market cap of $48.51 million, a PE ratio of -40.86 and a beta of -0.05. Royalty Management has a fifty-two week low of $1.55 and a fifty-two week high of $5.00. The company has a 50-day moving average price of $2.51 and a two-hundred day moving average price of $3.01.

Royalty Management Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.3%. Royalty Management’s dividend payout ratio (DPR) is -12.50%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Royalty Management from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Royalty Management stock. Blair William & Co. IL acquired a new position in shares of Royalty Management Holding Corporation (NASDAQ:RMCO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned 0.18% of Royalty Management at the end of the most recent reporting period. 67.15% of the stock is currently owned by institutional investors.

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.