Peter A. Leidel Sells 180,936 Shares of Ramaco Resources, Inc. (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter A. Leidel sold 180,936 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $8.82, for a total transaction of $1,595,855.52. Following the sale, the director now owns 708,001 shares of the company’s stock, valued at approximately $6,244,568.82. This represents a 20.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ramaco Resources Price Performance

METC stock traded up $0.18 during trading on Monday, hitting $8.97. The stock had a trading volume of 1,000,017 shares, compared to its average volume of 567,479. The stock has a market cap of $398.29 million, a price-to-earnings ratio of 13.80 and a beta of 1.17. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35. The company’s 50 day moving average price is $9.56 and its two-hundred day moving average price is $10.54. Ramaco Resources, Inc. has a 1-year low of $8.17 and a 1-year high of $17.23.

Ramaco Resources (NASDAQ:METC) last issued its quarterly earnings results on Monday, March 10th. The energy company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). The firm had revenue of $170.90 million for the quarter, compared to analysts’ expectations of $166.59 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. On average, sell-side analysts forecast that Ramaco Resources, Inc. will post 0.05 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.0688 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.07%. Ramaco Resources’s dividend payout ratio is presently 245.45%.

Institutional Investors Weigh In On Ramaco Resources

Several hedge funds have recently made changes to their positions in METC. Harbour Capital Advisors LLC purchased a new position in Ramaco Resources during the fourth quarter worth about $540,000. Dynamic Technology Lab Private Ltd increased its stake in shares of Ramaco Resources by 190.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 89,958 shares of the energy company’s stock valued at $1,053,000 after acquiring an additional 58,980 shares during the last quarter. Barclays PLC lifted its holdings in shares of Ramaco Resources by 369.7% during the 3rd quarter. Barclays PLC now owns 44,409 shares of the energy company’s stock worth $519,000 after acquiring an additional 34,954 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Ramaco Resources by 97.3% in the third quarter. JPMorgan Chase & Co. now owns 68,520 shares of the energy company’s stock worth $802,000 after acquiring an additional 33,788 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Ramaco Resources by 231.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company’s stock worth $3,070,000 after acquiring an additional 183,163 shares during the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group decreased their target price on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Benchmark reiterated a “buy” rating on shares of Ramaco Resources in a research note on Wednesday, March 12th.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.