Capricorn Fund Managers Ltd Sells 4,205 Shares of Ramaco Resources, Inc. $METCB

Capricorn Fund Managers Ltd cut its position in shares of Ramaco Resources, Inc. (NASDAQ:METCB) by 12.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,933 shares of the company’s stock after selling 4,205 shares during the period. Capricorn Fund Managers Ltd owned about 0.05% of Ramaco Resources worth $237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. First Manhattan CO. LLC. increased its position in shares of Ramaco Resources by 2.9% during the first quarter. First Manhattan CO. LLC. now owns 257,093 shares of the company’s stock valued at $1,828,000 after purchasing an additional 7,181 shares during the period. American Century Companies Inc. increased its position in shares of Ramaco Resources by 12.6% during the first quarter. American Century Companies Inc. now owns 196,657 shares of the company’s stock valued at $1,398,000 after purchasing an additional 21,956 shares during the period. Wedge Capital Management L L P NC increased its position in shares of Ramaco Resources by 11.0% during the second quarter. Wedge Capital Management L L P NC now owns 177,367 shares of the company’s stock valued at $1,451,000 after purchasing an additional 17,578 shares during the period. Acuitas Investments LLC increased its position in shares of Ramaco Resources by 1.6% during the first quarter. Acuitas Investments LLC now owns 149,900 shares of the company’s stock valued at $1,066,000 after purchasing an additional 2,362 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Ramaco Resources by 145.3% during the first quarter. Wellington Management Group LLP now owns 36,176 shares of the company’s stock valued at $257,000 after purchasing an additional 21,430 shares during the period. 9.63% of the stock is currently owned by institutional investors.

Ramaco Resources Price Performance

Shares of METCB stock opened at $17.47 on Friday. The stock’s fifty day simple moving average is $15.72 and its 200 day simple moving average is $11.02. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.36 and a quick ratio of 0.84. The firm has a market cap of $964.87 million, a price-to-earnings ratio of -37.98 and a beta of 0.90. Ramaco Resources, Inc. has a one year low of $6.01 and a one year high of $20.81.

Ramaco Resources (NASDAQ:METCB) last announced its quarterly earnings results on Thursday, July 31st. The company reported ($0.29) EPS for the quarter. The company had revenue of $152.96 million during the quarter. Ramaco Resources had a negative net margin of 3.17% and a negative return on equity of 5.70%.

Ramaco Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were paid a $0.1918 dividend. This is an increase from Ramaco Resources’s previous quarterly dividend of $0.18. This represents a $0.77 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, September 5th. Ramaco Resources’s payout ratio is presently -165.22%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ramaco Resources in a research note on Saturday, September 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.