19,569 Shares in Ramaco Resources, Inc. (NASDAQ:METC) Purchased by Carlyle Group Inc.

Carlyle Group Inc. bought a new stake in shares of Ramaco Resources, Inc. (NASDAQ:METC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 19,569 shares of the energy company’s stock, valued at approximately $201,000. Ramaco Resources accounts for approximately 0.0% of Carlyle Group Inc.’s investment portfolio, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AlphaQuest LLC acquired a new position in shares of Ramaco Resources during the fourth quarter worth approximately $50,000. Campbell Capital Management Inc. bought a new position in Ramaco Resources during the fourth quarter worth $51,000. Jones Financial Companies Lllp acquired a new position in Ramaco Resources during the 4th quarter valued at $56,000. Royce & Associates LP bought a new stake in Ramaco Resources in the 4th quarter valued at $94,000. Finally, Prairiewood Capital LLC bought a new stake in Ramaco Resources in the 4th quarter valued at $103,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

Ramaco Resources Stock Up 12.8 %

METC opened at $8.70 on Monday. Ramaco Resources, Inc. has a fifty-two week low of $6.30 and a fifty-two week high of $16.92. The company has a market capitalization of $469.80 million, a P/E ratio of 13.38 and a beta of 1.14. 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 firm’s fifty day moving average price is $9.01 and its two-hundred day moving average price is $10.29.

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

Ramaco Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.0688 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.16%. Ramaco Resources’s dividend payout ratio is currently 245.45%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on METC shares. Benchmark restated a “buy” rating on shares of Ramaco Resources in a report on Wednesday, March 12th. Jefferies Financial Group lowered their price target 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. Finally, B. Riley cut their price target on Ramaco Resources from $18.00 to $14.00 and set a “buy” rating for the company in a report on Friday.

Insider Transactions at Ramaco Resources

In other Ramaco Resources news, Director Peter A. Leidel sold 225,000 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $8.08, for a total transaction of $1,818,000.00. Following the completion of the transaction, the director now directly owns 677,403 shares in the company, valued at $5,473,416.24. This represents a 24.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Yorktown Xi Associates Llc sold 89,501 shares of the business’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $8.09, for a total transaction of $724,063.09. Following the completion of the sale, the insider now owns 1,024,870 shares in the company, valued at $8,291,198.30. This represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 922,582 shares of company stock valued at $7,898,023. Corporate insiders own 41.20% 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.