Ramaco Resources, Inc. (NASDAQ:METC) Shares Acquired by Acuitas Investments LLC

Acuitas Investments LLC increased its stake in shares of Ramaco Resources, Inc. (NASDAQ:METC) by 153.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,097 shares of the energy company’s stock after purchasing an additional 92,008 shares during the quarter. Acuitas Investments LLC’s holdings in Ramaco Resources were worth $1,561,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Harbour Capital Advisors LLC acquired a new position in shares of Ramaco Resources during the fourth quarter worth about $540,000. Dynamic Technology Lab Private Ltd lifted its stake in 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 worth $1,053,000 after acquiring an additional 58,980 shares during the last quarter. Barclays PLC grew its holdings in Ramaco Resources by 369.7% during the 3rd quarter. Barclays PLC now owns 44,409 shares of the energy company’s stock worth $519,000 after acquiring an additional 34,954 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Ramaco Resources by 97.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 68,520 shares of the energy company’s stock valued at $802,000 after purchasing an additional 33,788 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Ramaco Resources by 231.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company’s stock valued at $3,070,000 after purchasing an additional 183,163 shares in the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.

Ramaco Resources Price Performance

METC stock opened at $10.07 on Tuesday. The business has a 50 day moving average price of $10.15 and a 200 day moving average price of $11.01. 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 $528.98 million, a price-to-earnings ratio of 15.49 and a beta of 1.16. Ramaco Resources, Inc. has a fifty-two week low of $8.87 and a fifty-two week high of $20.70.

Ramaco Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.1375 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.55 annualized dividend and a dividend yield of 5.46%. Ramaco Resources’s dividend payout ratio is presently 84.62%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered their target price on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company 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.