Ramaco Resources, Inc. (NASDAQ:METC) Major Shareholder Sells $724,063.09 in Stock

Ramaco Resources, Inc. (NASDAQ:METC) major shareholder Yorktown Xi Associates Llc sold 89,501 shares of the business’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $8.09, for a total value of $724,063.09. Following the completion of the transaction, the insider now directly owns 1,024,870 shares in the company, valued at approximately $8,291,198.30. This represents a 8.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Ramaco Resources Stock Performance

Shares of METC opened at $8.16 on Friday. Ramaco Resources, Inc. has a 1 year low of $8.09 and a 1 year high of $17.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86. The stock’s fifty day moving average price is $9.48 and its two-hundred day moving average price is $10.49. The firm has a market cap of $362.33 million, a PE ratio of 12.55 and a beta of 1.17.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings data on Monday, March 10th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). The firm had revenue of $170.90 million during the quarter, compared to the consensus estimate of $166.59 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The company’s revenue was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. On average, equities research analysts forecast that Ramaco Resources, Inc. will post 0.05 EPS for the current year.

Ramaco Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.0688 dividend. This represents a $0.28 annualized dividend and a yield of 3.37%. Ramaco Resources’s dividend payout ratio (DPR) is presently 245.45%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Ramaco Resources by 3.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,656 shares of the energy company’s stock worth $427,000 after acquiring an additional 1,425 shares during the period. Arkfeld Wealth Strategies L.L.C. lifted its holdings in Ramaco Resources by 0.8% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 232,755 shares of the energy company’s stock worth $2,251,000 after purchasing an additional 1,748 shares in the last quarter. Legal & General Group Plc boosted its stake in Ramaco Resources by 15.3% in the 4th quarter. Legal & General Group Plc now owns 13,752 shares of the energy company’s stock worth $141,000 after purchasing an additional 1,822 shares during the period. MetLife Investment Management LLC grew its holdings in Ramaco Resources by 13.9% during the 4th quarter. MetLife Investment Management LLC now owns 16,189 shares of the energy company’s stock valued at $166,000 after buying an additional 1,970 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Ramaco Resources by 12.5% during the fourth quarter. New York State Common Retirement Fund now owns 17,988 shares of the energy company’s stock valued at $185,000 after buying an additional 2,000 shares during the period. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on METC. Jefferies Financial Group lowered their target price 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 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.