10,613 Shares in Ramaco Resources, Inc. (NASDAQ:METC) Acquired by Parkwood LLC

Parkwood LLC bought a new stake in shares of Ramaco Resources, Inc. (NASDAQ:METC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,613 shares of the energy company’s stock, valued at approximately $109,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of METC. AlphaQuest LLC acquired a new position in shares of Ramaco Resources during the fourth quarter worth $50,000. Campbell Capital Management Inc. acquired a new stake in shares of Ramaco Resources in the 4th quarter worth $51,000. Jones Financial Companies Lllp purchased a new position in Ramaco Resources during the 4th quarter worth $56,000. BNP Paribas Financial Markets acquired a new position in Ramaco Resources during the 4th quarter valued at about $80,000. Finally, Royce & Associates LP acquired a new position in Ramaco Resources during the 4th quarter valued at about $94,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

Insider Activity at Ramaco Resources

In other Ramaco Resources news, Director Peter A. Leidel sold 245,000 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $8.85, for a total transaction of $2,168,250.00. Following the sale, the director now directly owns 695,601 shares of the company’s stock, valued at approximately $6,156,068.85. This trade represents a 26.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of Ramaco Resources stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $8.61, for a total value of $722,129.31. Following the transaction, the insider now owns 1,059,909 shares of the company’s stock, valued at $9,125,816.49. The trade was a 7.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 922,582 shares of company stock worth $7,898,023 over the last quarter. Insiders own 41.20% of the company’s stock.

Ramaco Resources Price Performance

Shares of METC opened at $9.90 on Wednesday. The firm has a market capitalization of $439.64 million, a PE ratio of 15.23 and a beta of 1.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86. Ramaco Resources, Inc. has a 1-year low of $6.30 and a 1-year high of $15.49. The company’s fifty day moving average price is $9.01 and its 200-day moving average price is $10.08.

Ramaco Resources (NASDAQ:METC) last issued its quarterly earnings results on Monday, May 12th. The energy company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.10. The company had revenue of $115.61 million during the quarter, compared to analysts’ expectations of $137.10 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The firm’s revenue was down 22.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 EPS. On average, equities research analysts predict that Ramaco Resources, Inc. will post 0.05 EPS for the current year.

Ramaco Resources Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.0688 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, May 30th. Ramaco Resources’s dividend payout ratio (DPR) is 245.45%.

Wall Street Analyst Weigh In

METC has been the subject of several recent analyst reports. Benchmark lowered their price target on Ramaco Resources from $18.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday. B. Riley decreased their price objective on shares of Ramaco Resources from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, April 11th.

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.