Vox Royalty (NASDAQ:VOXR) Stock Price Down 0.9% - Should You Sell?

Vox Royalty Corp. (NASDAQ:VOXR - Get Free Report) shares fell 0.9% on Wednesday . The stock traded as low as $3.19 and last traded at $3.28. 543,496 shares changed hands during mid-day trading, an increase of 113% from the average session volume of 255,747 shares. The stock had previously closed at $3.31.

Vox Royalty Stock Up 0.3%

The firm's 50 day simple moving average is $3.38 and its two-hundred day simple moving average is $2.95. The stock has a market capitalization of $166.49 million, a P/E ratio of -82.00 and a beta of 0.32.

Vox Royalty (NASDAQ:VOXR - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). Vox Royalty had a negative return on equity of 4.05% and a negative net margin of 16.30%. The firm had revenue of $2.68 million for the quarter, compared to analysts' expectations of $3.50 million. As a group, equities research analysts expect that Vox Royalty Corp. will post -0.01 earnings per share for the current year.

Vox Royalty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were given a $0.0125 dividend. This represents a $0.05 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Monday, June 30th. Vox Royalty's dividend payout ratio (DPR) is currently -125.00%.

Hedge Funds Weigh In On Vox Royalty

Several hedge funds have recently made changes to their positions in VOXR. Ridgewood Investments LLC bought a new position in shares of Vox Royalty during the second quarter valued at about $44,000. Caitlin John LLC bought a new stake in Vox Royalty during the second quarter valued at approximately $47,000. Oppenheimer Asset Management Inc. bought a new position in shares of Vox Royalty in the first quarter worth about $50,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Vox Royalty during the fourth quarter valued at approximately $47,000. Finally, Total Wealth Planning & Management Inc. bought a new stake in Vox Royalty in the fourth quarter worth $223,000. 45.95% of the stock is currently owned by hedge funds and other institutional investors.

Vox Royalty Company Profile

Vox Royalty Corp. operates as a mining royalty and streaming company. The company holds a portfolio of 60 royalties and streaming assets. It operates in Australia, Canada, Peru, Brazil, South Africa, Mexico, and the United States. Vox Royalty Corp. was founded in 2014 and is based in Toronto, Canada.