Royalty Management (NASDAQ:RMCO) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

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

Royalty Management Stock Performance

RMCO stock traded down $0.13 during midday trading on Thursday, reaching $3.05. The company’s stock had a trading volume of 16,679 shares, compared to its average volume of 14,853. Royalty Management has a 1 year low of $1.53 and a 1 year high of $5.00. The stock has a fifty day simple moving average of $2.51 and a two-hundred day simple moving average of $3.01. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.21 and a current ratio of 1.21.

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 paid a dividend of $0.0025 per share. The ex-dividend date of this dividend 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 is currently -12.50%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Royalty Management from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. One 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. According to data from MarketBeat, Royalty Management presently has an average rating of “Hold”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Royalty Management stock. Blair William & Co. IL bought a new position in Royalty Management Holding Corporation (NASDAQ:RMCO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 reporting period. Institutional investors own 67.15% of the company’s stock.

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.