Ramaco Resources, Inc. (NASDAQ:METC) Director Sells $1,818,000.00 in Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter A. Leidel sold 225,000 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $8.08, for a total transaction of $1,818,000.00. Following the sale, the director now directly owns 677,403 shares in the company, valued at $5,473,416.24. This trade represents a 24.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ramaco Resources Trading Up 1.2 %

NASDAQ METC traded up $0.10 during trading hours on Thursday, hitting $8.46. The company’s stock had a trading volume of 807,161 shares, compared to its average volume of 565,097. The stock has a fifty day moving average of $9.50 and a 200 day moving average of $10.50. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. Ramaco Resources, Inc. has a twelve month low of $8.09 and a twelve month high of $17.23. The firm has a market capitalization of $375.65 million, a P/E ratio of 13.02 and a beta of 1.17.

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

Ramaco Resources Cuts Dividend

The company also recently declared 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 3.25%. Ramaco Resources’s dividend payout ratio is 245.45%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on METC. Benchmark reaffirmed a “buy” rating on shares of Ramaco Resources in a report on Wednesday, March 12th. Jefferies Financial Group cut 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.

Hedge Funds Weigh In On Ramaco Resources

Several institutional investors and hedge funds have recently made changes to their positions in METC. Pingora Partners LLC lifted its holdings in shares of Ramaco Resources by 330.2% during the 3rd quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock valued at $43,000 after purchasing an additional 2,840 shares in the last quarter. Point72 DIFC Ltd bought a new position in Ramaco Resources in the third quarter valued at approximately $45,000. AlphaQuest LLC acquired a new position in shares of Ramaco Resources in the fourth quarter valued at approximately $50,000. Campbell Capital Management Inc. bought a new stake in shares of Ramaco Resources during the fourth quarter worth $51,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Ramaco Resources during the fourth quarter worth $56,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

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.