Ramaco Resources, Inc. (NASDAQ:METC) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in Ramaco Resources, Inc. (NASDAQ:METC) by 49.8% in the third quarter, Holdings Channel.com reports. The firm owned 9,521 shares of the energy company’s stock after selling 9,458 shares during the quarter. SG Americas Securities LLC’s holdings in Ramaco Resources were worth $111,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new position in Ramaco Resources during the 2nd quarter worth approximately $28,000. Allspring Global Investments Holdings LLC acquired a new position in Ramaco Resources during the first quarter worth $93,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Ramaco Resources during the second quarter worth $94,000. Empowered Funds LLC raised its position in Ramaco Resources by 8.2% in the first quarter. Empowered Funds LLC now owns 101,515 shares of the energy company’s stock worth $1,710,000 after acquiring an additional 7,667 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Ramaco Resources by 15.7% in the second quarter. Principal Financial Group Inc. now owns 63,317 shares of the energy company’s stock valued at $788,000 after acquiring an additional 8,585 shares during the period. Hedge funds and other institutional investors own 74.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. B. Riley lowered their target price on shares of Ramaco Resources from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, September 17th. Benchmark restated a “buy” rating and issued a $20.00 price target on shares of Ramaco Resources in a report on Thursday, August 29th.

Ramaco Resources Stock Down 1.4 %

METC opened at $10.21 on Monday. The firm has a market cap of $446.48 million, a P/E ratio of 9.45 and a beta of 1.05. The business’s fifty day simple moving average is $10.96 and its 200 day simple moving average is $12.87. Ramaco Resources, Inc. has a 52 week low of $9.03 and a 52 week high of $22.70. The company has a quick ratio of 0.90, a current ratio of 1.33 and a debt-to-equity ratio of 0.23.

Ramaco Resources (NASDAQ:METC) last released its earnings results on Wednesday, August 7th. The energy company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.23. Ramaco Resources had a net margin of 7.95% and a return on equity of 16.30%. The firm had revenue of $155.32 million during the quarter, compared to analysts’ expectations of $141.66 million. As a group, equities research analysts anticipate that Ramaco Resources, Inc. will post 0.88 EPS for the current fiscal year.

Ramaco Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date was Friday, August 30th. Ramaco Resources’s dividend payout ratio is currently 50.93%.

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.