Sei Investments Co. Sells 3,692 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Sei Investments Co. decreased its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,437 shares of the basic materials company's stock after selling 3,692 shares during the quarter. Sei Investments Co. owned approximately 0.13% of Royal Gold worth $11,529,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Veracity Capital LLC grew its holdings in Royal Gold by 5.0% in the fourth 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 grew 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 worth $2,784,000 after buying an additional 93 shares during the last quarter. CIBC Asset Management Inc increased its position in 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 buying an additional 94 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Royal Gold by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company's stock worth $2,413,000 after buying an additional 100 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Royal Gold by 3.5% in the 4th quarter. Parallel Advisors LLC now owns 3,075 shares of the basic materials company's stock worth $405,000 after purchasing an additional 104 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of Royal Gold from a "hold" rating to a "buy" rating and increased their price objective for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Royal Gold presently has a consensus rating of "Hold" and a consensus price target of $168.86.

Royal Gold Stock Up 0.5 %

NASDAQ:RGLD traded up $0.75 during trading hours on Tuesday, hitting $164.26. 526,269 shares of the stock traded hands, compared to its average volume of 464,351. The stock has a 50 day moving average price of $149.17 and a 200 day moving average price of $144.95. The company has a market cap of $10.80 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a 1 year low of $118.00 and a 1 year high of $164.96.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. Equities analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be paid a $0.45 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.10%. Royal Gold's payout ratio is 35.71%.

Insider Buying and Selling at Royal Gold

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

About Royal Gold

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.