Concurrent Investment Advisors LLC Takes $976,000 Position in Royal Gold, Inc. $RGLD

Concurrent Investment Advisors LLC purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,392 shares of the basic materials company’s stock, valued at approximately $976,000.

Other hedge funds have also recently modified their holdings of the company. Greenleaf Trust raised its position in Royal Gold by 2.9% during the 4th quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company’s stock worth $342,000 after buying an additional 43 shares during the last quarter. WPG Advisers LLC boosted its holdings in shares of Royal Gold by 34.1% in the fourth quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 46 shares in the last quarter. Parcion Private Wealth LLC increased its stake 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 acquiring an additional 48 shares during the period. Sowell Financial Services LLC boosted its holdings in Royal Gold by 4.0% in the 3rd quarter. Sowell Financial Services LLC now owns 1,368 shares of the basic materials company’s stock valued at $274,000 after purchasing an additional 52 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Royal Gold by 33.9% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 56 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Royal Gold news, Director Mark Isto sold 2,000 shares of Royal Gold stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $274.83, for a total value of $549,660.00. Following the transaction, the director owned 20,043 shares in the company, valued at $5,508,417.69. This trade represents a 9.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William M. Hayes sold 4,173 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $277.07, for a total transaction of $1,156,213.11. Following the sale, the director directly owned 6,129 shares of the company’s stock, valued at $1,698,162.03. This represents a 40.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 7,573 shares of company stock valued at $2,127,091. Insiders own 0.35% of the company’s stock.

Royal Gold Trading Down 1.2%

Shares of RGLD stock opened at $230.59 on Friday. The company has a market capitalization of $19.56 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 1.36 and a beta of 0.44. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $260.65 and a 200 day moving average price of $237.30. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The business had revenue of $310.83 million during the quarter, compared to analyst estimates of $425.47 million. During the same quarter last year, the firm posted $1.63 earnings per share. The company’s revenue was up 85.2% on a year-over-year basis. Research analysts forecast that Royal Gold, Inc. will post 12.5 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Thursday, April 2nd were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, April 2nd. Royal Gold’s payout ratio is presently 27.90%.

Wall Street Analyst Weigh In

RGLD has been the subject of several recent analyst reports. Zacks Research cut Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. National Bank Financial reduced their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Scotiabank lowered Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target on the stock. in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a research note on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $273.64.

Royal Gold Company Profile

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.