Sanders Morris Harris LLC Buys 1,207,097 Shares of Vox Royalty Corp. $VOXR

Key Points

• Sanders Morris Harris LLC acquired 1.21 million Vox Royalty shares worth approximately $6.6 million, representing about 1.74% of the company. Institutional investors collectively own 45.95% of VOXR.
• VOXR shares fell 3.1% to $4.73, below their 50-day and 200-day moving averages, while trading within a 52-week range of $3.81 to $6.70.
• Vox Royalty declared a quarterly dividend of $0.015 per share, equal to an annualized $0.06 payout and a 1.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $8.00.

Sanders Morris Harris LLC bought a new stake in shares of Vox Royalty Corp. (NASDAQ:VOXR - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,207,097 shares of the company's stock, valued at approximately $6,567,000. Sanders Morris Harris LLC owned approximately 1.74% of Vox Royalty as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Vox Royalty during the 2nd quarter valued at about $30,614,000. K2 Principal Fund L.P. purchased a new position in Vox Royalty in the 2nd quarter worth $1,294,000. Bank of New York Mellon Corp purchased a new stake in shares of Vox Royalty during the second quarter valued at approximately $615,000. Ashford Capital Management Inc. increased its position in Vox Royalty by 13.8% during the 1st quarter. Ashford Capital Management Inc. now owns 3,586,900 shares of the company's stock valued at $18,795,000 after purchasing an additional 434,530 shares during the period. Finally, McAlvany Wealth Management LLC grew its position in shares of Vox Royalty by 33.5% in the 1st quarter. McAlvany Wealth Management LLC now owns 733,415 shares of the company's stock worth $3,513,000 after buying an additional 184,002 shares during the period. Institutional investors own 45.95% of the company's stock.

Vox Royalty Stock Down 3.1%

VOXR traded down $0.15 during trading on Wednesday, reaching $4.73. The company had a trading volume of 766,081 shares, compared to its average volume of 529,705. The business has a 50 day simple moving average of $5.40 and a 200-day simple moving average of $5.26. The stock has a market cap of $328.83 million, a P/E ratio of 7.06 and a beta of 0.60. Vox Royalty Corp. has a 52 week low of $3.81 and a 52 week high of $6.70.

Vox Royalty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a $0.0150 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.3%. Vox Royalty's payout ratio is presently 8.96%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VOXR shares. Roth Capital reaffirmed a "buy" rating and set a $8.00 price target (up from $7.75) on shares of Vox Royalty in a report on Thursday, September 3rd. Wall Street Zen downgraded Vox Royalty from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. National Bank Financial started coverage on Vox Royalty in a research report on Thursday, October 8th. They set an "outperform" rating for the company. Finally, Weiss Ratings raised Vox Royalty from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 31st. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Vox Royalty presently has a consensus rating of "Moderate Buy" and an average target price of $8.00.

Vox Royalty Profile

Vox Royalty Corp. is a mining-focused royalty and streaming company that provides capital to mineral developers and operators in exchange for future payments or production interests. Rather than owning and operating mines directly, the company builds a portfolio of royalty, stream, and other interests tied to the exploration, development, and production of mineral assets.

Its portfolio is focused primarily on precious and base metals, including gold, silver, copper, and other industrial commodities.

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