Sei Investments Co. Lowers Position in Royal Gold, Inc. (NASDAQ:RGLD)

Sei Investments Co. lowered its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,437 shares of the basic materials company’s stock after selling 3,692 shares during the period. Sei Investments Co. owned approximately 0.13% of Royal Gold worth $11,529,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Veracity Capital LLC grew its holdings in shares of Royal Gold by 5.0% during the 4th quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company’s stock worth $209,000 after purchasing an additional 76 shares during the period. Savant Capital LLC raised its stake in shares of Royal Gold by 0.4% in the 4th quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company’s stock valued at $2,784,000 after acquiring an additional 93 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Royal Gold by 0.7% during the 4th quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company’s stock valued at $1,700,000 after acquiring an additional 94 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Royal Gold by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company’s stock worth $2,413,000 after purchasing an additional 100 shares during the period. Finally, Parallel Advisors LLC increased its holdings in Royal Gold by 3.5% in the 4th quarter. Parallel Advisors LLC now owns 3,075 shares of the basic materials company’s stock valued at $405,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Stock Up 0.6 %

Shares of RGLD opened at $162.19 on Friday. The business’s 50 day moving average is $148.67 and its two-hundred day moving average is $144.73. The firm has a market cap of $10.67 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a 52-week low of $118.00 and a 52-week high of $164.18.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. On average, equities analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s dividend payout ratio (DPR) is presently 35.71%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and upped their target price for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $168.86.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.98, for a total transaction of $201,474.00. Following the completion of the transaction, the senior vice president now directly owns 9,360 shares of the company’s stock, valued at $1,450,612.80. The trade was a 12.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

Royal Gold Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.