Ramaco Resources, Inc. (NASDAQ:METC) Major Shareholder Sells $869,724.90 in Stock

Ramaco Resources, Inc. (NASDAQ:METC) major shareholder Yorktown Energy Partners Xi, L sold 98,274 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $8.85, for a total value of $869,724.90. Following the transaction, the insider now owns 1,052,404 shares of the company’s stock, valued at $9,313,775.40. The trade was a 8.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Yorktown Energy Partners Xi, L also recently made the following trade(s):

• On Friday, March 21st, Yorktown Energy Partners Xi, L sold 83,871 shares of Ramaco Resources stock. The shares were sold at an average price of $8.61, for a total transaction of $722,129.31.

Ramaco Resources Price Performance

METC stock opened at $8.97 on Tuesday. The firm has a 50 day moving average of $9.56 and a 200-day moving average of $10.54. The firm has a market capitalization of $398.29 million, a P/E ratio of 13.80 and a beta of 1.17. Ramaco Resources, Inc. has a 12 month low of $8.17 and a 12 month high of $17.23. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23.

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

Ramaco Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.0688 per share. This represents a $0.28 annualized dividend and a yield of 3.07%. Ramaco Resources’s payout ratio is 245.45%.

Hedge Funds Weigh In On Ramaco Resources

A number of institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Ramaco Resources by 3.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,656 shares of the energy company’s stock worth $427,000 after purchasing an additional 1,425 shares in the last quarter. WBI Investments LLC bought a new position in shares of Ramaco Resources in the 4th quarter worth $154,000. Westwood Holdings Group Inc. purchased a new stake in shares of Ramaco Resources during the 4th quarter valued at $247,000. Wexford Capital LP bought a new stake in shares of Ramaco Resources during the 4th quarter worth $825,000. Finally, Trustees of Columbia University in the City of New York bought a new position in Ramaco Resources in the fourth quarter valued at $218,000. 74.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Jefferies Financial Group lowered their price target on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Benchmark restated a “buy” rating on shares of Ramaco Resources in a research report on Wednesday, March 12th.

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.