Royalty Management (NASDAQ:RMCO) Trading 2.7% Higher – Should You Buy?

Royalty Management Holding Corporation (NASDAQ:RMCO)’s share price traded up 2.7% during mid-day trading on Tuesday . The company traded as high as $3.90 and last traded at $3.86. 3,947 shares were traded during mid-day trading, a decline of 81% from the average session volume of 21,019 shares. The stock had previously closed at $3.76.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Royalty Management in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Royalty Management Trading Up 2.7%

The stock’s 50-day moving average is $3.62 and its 200-day moving average is $2.89. The stock has a market cap of $58.44 million, a price-to-earnings ratio of -386.00 and a beta of -0.06.

Royalty Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be paid a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Royalty Management’s dividend payout ratio (DPR) is currently -100.00%.

Institutional Trading of Royalty Management

An institutional investor recently bought a new position in Royalty Management stock. Blair William & Co. IL acquired a new stake in Royalty Management Holding Corporation (NASDAQ:RMCO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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. Institutional investors and hedge funds 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.