UNC Management Company Inc. Buys Shares of 10,614 Ramaco Resources, Inc. (NASDAQ:METC)

UNC Management Company Inc. acquired a new position in Ramaco Resources, Inc. (NASDAQ:METC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,614 shares of the energy company’s stock, valued at approximately $109,000. Ramaco Resources makes up about 0.0% of UNC Management Company Inc.’s holdings, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of METC. PDT Partners LLC bought a new stake in Ramaco Resources during the fourth quarter valued at about $759,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Ramaco Resources during the fourth quarter worth $195,000. Voya Investment Management LLC lifted its holdings in shares of Ramaco Resources by 84.8% during the 4th quarter. Voya Investment Management LLC now owns 19,616 shares of the energy company’s stock valued at $201,000 after purchasing an additional 9,001 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Ramaco Resources during the 4th quarter valued at about $885,000. Finally, MetLife Investment Management LLC increased its holdings in shares of Ramaco Resources by 13.9% during the fourth quarter. MetLife Investment Management LLC now owns 16,189 shares of the energy company’s stock valued at $166,000 after acquiring an additional 1,970 shares in the last quarter. Institutional investors own 74.49% of the company’s stock.

Ramaco Resources Price Performance

NASDAQ:METC opened at $10.06 on Wednesday. The firm’s fifty day moving average is $8.92 and its two-hundred day moving average is $10.14. The firm has a market cap of $543.24 million, a price-to-earnings ratio of 15.48 and a beta of 1.14. Ramaco Resources, Inc. has a one year low of $6.30 and a one year high of $16.61. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35.

Ramaco Resources (NASDAQ:METC) last announced its quarterly 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). The company had revenue of $170.90 million for the quarter, compared to analysts’ expectations of $166.59 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The firm’s revenue was down 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. Research analysts expect that Ramaco Resources, Inc. will post 0.05 EPS for the current year.

Ramaco Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.0688 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.73%. Ramaco Resources’s dividend payout ratio (DPR) is presently 245.45%.

Analyst Upgrades and Downgrades

METC has been the subject of a number of research analyst reports. Benchmark reaffirmed a “buy” rating on shares of Ramaco Resources in a report on Wednesday, March 12th. 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 report on Monday, January 6th. Finally, B. Riley reduced their price objective on Ramaco Resources from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, April 11th.

Insider Activity at Ramaco Resources

In related news, major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $8.61, for a total transaction of $722,129.31. Following the completion of the transaction, the insider now owns 1,059,909 shares in the company, valued at $9,125,816.49. This represents a 7.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter A. Leidel sold 180,936 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $8.82, for a total value of $1,595,855.52. Following the sale, the director now owns 708,001 shares of the company’s stock, valued at $6,244,568.82. The trade was a 20.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 922,582 shares of company stock worth $7,898,023 in the last 90 days. 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.