Yorktown Energy Partners Xi, L Sells 83,871 Shares of Ramaco Resources, Inc. (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $8.61, for a total transaction of $722,129.31. Following the completion of the sale, the insider now owns 1,059,909 shares of the company’s stock, valued at $9,125,816.49. This represents a 7.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Yorktown Energy Partners Xi, L also recently made the following trade(s):

• On Monday, March 24th, Yorktown Energy Partners Xi, L sold 98,274 shares of Ramaco Resources stock. The stock was sold at an average price of $8.85, for a total value of $869,724.90.

Ramaco Resources Trading Down 5.1 %

Shares of NASDAQ:METC opened at $8.51 on Wednesday. Ramaco Resources, Inc. has a 52-week low of $8.17 and a 52-week high of $17.23. 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 has a market cap of $377.87 million, a P/E ratio of 13.09 and a beta of 1.17. The stock’s 50-day moving average is $9.56 and its 200-day moving average is $10.54.

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 the consensus estimate of $0.42 by ($0.36). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business had revenue of $170.90 million during the quarter, compared to the consensus estimate of $166.59 million. During the same period in the prior year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was down 15.7% on a year-over-year basis. Equities research analysts predict that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.0688 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.23%. Ramaco Resources’s dividend payout ratio (DPR) is presently 245.45%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on METC shares. Jefferies Financial Group cut their price objective on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Benchmark reissued a “buy” rating on shares of Ramaco Resources in a research report on Wednesday, March 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pingora Partners LLC grew its position in Ramaco Resources by 330.2% during the third quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock worth $43,000 after buying an additional 2,840 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Ramaco Resources in the 3rd quarter worth approximately $45,000. AlphaQuest LLC acquired a new stake in shares of Ramaco Resources during the 4th quarter worth approximately $50,000. Campbell Capital Management Inc. bought a new stake in shares of Ramaco Resources during the fourth quarter valued at approximately $51,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of Ramaco Resources in the fourth quarter valued at $56,000. Institutional investors own 74.49% of the company’s stock.

About Ramaco Resources

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.