Short Interest in Royalty Management Holding Corporation (NASDAQ:RMCO) Declines By 39.2%
by Jessica Moore · The Cerbat GemRoyalty Management Holding Corporation (NASDAQ:RMCO – Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 17,936 shares, a decrease of 39.2% from the March 15th total of 29,476 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 38,539 shares, the short-interest ratio is currently 0.5 days.
Royalty Management Stock Performance
Shares of RMCO stock traded up $0.17 during mid-day trading on Wednesday, hitting $2.79. 9,907 shares of the stock traded hands, compared to its average volume of 27,869. Royalty Management has a twelve month low of $0.98 and a twelve month high of $5.00. The company’s 50-day simple moving average is $3.59 and its 200-day simple moving average is $3.26. The firm has a market cap of $42.27 million, a price-to-earnings ratio of -69.75 and a beta of 0.07.
Royalty Management (NASDAQ:RMCO – Get Free Report) last announced its earnings results on Monday, April 6th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.06). Royalty Management had a negative net margin of 14.71% and a negative return on equity of 6.18%. The firm had revenue of $1.40 million for the quarter, compared to the consensus estimate of $2.00 million.
Royalty Management Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.0025 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.01 annualized dividend and a dividend yield of 0.4%. Royalty Management’s dividend payout ratio (DPR) is -25.00%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Royalty Management in a research note on Thursday, January 22nd. One equities research 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 stock presently has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on RMCO
Institutional Trading of Royalty Management
A hedge fund recently bought a new stake in Royalty Management stock. Blair William & Co. IL purchased a new stake in shares of Royalty Management Holding Corporation (NASDAQ:RMCO – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned approximately 0.18% of Royalty Management as of its most recent SEC filing. 67.15% of the stock is 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.