Olympiad Research LP Has $247,000 Stock Position in Ramaco Resources, Inc. (NASDAQ:METC)

Olympiad Research LP cut its holdings in Ramaco Resources, Inc. (NASDAQ:METC) by 20.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,093 shares of the energy company’s stock after selling 6,011 shares during the period. Olympiad Research LP’s holdings in Ramaco Resources were worth $247,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in shares of Ramaco Resources in the third quarter valued at about $22,127,000. Charles Schwab Investment Management Inc. raised its stake in shares of Ramaco Resources by 231.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company’s stock worth $3,070,000 after purchasing an additional 183,163 shares in the last quarter. Acuitas Investments LLC raised its stake in shares of Ramaco Resources by 153.1% during the 4th quarter. Acuitas Investments LLC now owns 152,097 shares of the energy company’s stock worth $1,561,000 after purchasing an additional 92,008 shares in the last quarter. Lunt Capital Management Inc. boosted its holdings in shares of Ramaco Resources by 619.0% in the 3rd quarter. Lunt Capital Management Inc. now owns 71,900 shares of the energy company’s stock valued at $841,000 after buying an additional 61,900 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of Ramaco Resources by 190.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 89,958 shares of the energy company’s stock valued at $1,053,000 after buying an additional 58,980 shares in the last quarter. Institutional investors own 74.49% of the company’s stock.

Ramaco Resources Stock Down 0.6 %

Ramaco Resources stock opened at $9.75 on Monday. Ramaco Resources, Inc. has a twelve month low of $8.87 and a twelve month high of $20.70. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. The stock has a market cap of $512.17 million, a P/E ratio of 15.00 and a beta of 1.16. The company’s 50-day moving average price is $9.95 and its two-hundred day moving average price is $10.95.

Ramaco Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend is Friday, February 28th. Ramaco Resources’s dividend payout ratio (DPR) is presently 84.62%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lowered their price objective on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, January 6th.

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.