Ramaco Resources, Inc. (NASDAQ:METC) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in shares of Ramaco Resources, Inc. (NASDAQ:METC) by 369.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,409 shares of the energy company’s stock after buying an additional 34,954 shares during the quarter. Barclays PLC’s holdings in Ramaco Resources were worth $519,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in METC. Pingora Partners LLC grew its holdings in shares of Ramaco Resources by 330.2% during the third quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock worth $43,000 after buying an additional 2,840 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Ramaco Resources during the 3rd quarter worth approximately $45,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ramaco Resources during the 2nd quarter valued at $94,000. Koss Olinger Consulting LLC acquired a new stake in shares of Ramaco Resources during the second quarter valued at about $134,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Ramaco Resources in the 2nd quarter valued at approximately $139,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley reduced their price target 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.

Ramaco Resources Trading Up 4.4 %

Shares of NASDAQ METC opened at $10.71 on Friday. Ramaco Resources, Inc. has a 12-month low of $9.03 and a 12-month high of $22.70. The company has a market cap of $562.59 million, a price-to-earnings ratio of 16.48 and a beta of 1.14. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. The stock’s 50 day simple moving average is $11.55 and its 200 day simple moving average is $11.90.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings results on Monday, November 4th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business had revenue of $167.40 million for the quarter, compared to analyst estimates of $156.41 million. During the same quarter last year, the firm posted $0.45 EPS. The company’s revenue was down 10.5% compared to the same quarter last year. Equities research analysts expect that Ramaco Resources, Inc. will post 0.86 EPS for the current year.

Ramaco Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date of this dividend was Monday, December 2nd. Ramaco Resources’s payout ratio is currently 84.62%.

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.