Yorktown Xi Associates Llc Sells 93,574 Shares of Ramaco Resources, Inc. (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) major shareholder Yorktown Xi Associates Llc sold 93,574 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $16.22, for a total transaction of $1,517,770.28. Following the completion of the sale, the insider now directly owns 1,090,529 shares of the company’s stock, valued at approximately $17,688,380.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Yorktown Xi Associates Llc also recently made the following trade(s):

• On Monday, November 20th, Yorktown Xi Associates Llc sold 16,961 shares of Ramaco Resources stock. The stock was sold at an average price of $16.46, for a total value of $279,178.06.

Ramaco Resources Price Performance

METC stock opened at $16.43 on Tuesday. The stock has a 50-day moving average price of $11.47 and a two-hundred day moving average price of $9.60. Ramaco Resources, Inc. has a 1 year low of $7.26 and a 1 year high of $19.94. The stock has a market cap of $865.70 million, a PE ratio of 11.25 and a beta of 1.06. The company has a current ratio of 1.19, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings data on Tuesday, November 7th. The energy company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $187.00 million during the quarter, compared to the consensus estimate of $159.63 million. Ramaco Resources had a return on equity of 20.69% and a net margin of 10.65%. Ramaco Resources’s quarterly revenue was up 36.0% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. Equities analysts forecast that Ramaco Resources, Inc. will post 1.75 EPS for the current fiscal year.

Ramaco Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.125 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.04%. Ramaco Resources’s dividend payout ratio (DPR) is presently 34.25%.

Institutional Trading of Ramaco Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio raised its holdings in shares of Ramaco Resources by 8.5% in the second quarter. Strs Ohio now owns 19,100 shares of the energy company’s stock valued at $161,000 after purchasing an additional 1,500 shares during the last quarter. South Dakota Investment Council raised its holdings in shares of Ramaco Resources by 55.2% in the first quarter. South Dakota Investment Council now owns 451,909 shares of the energy company’s stock valued at $3,981,000 after purchasing an additional 160,734 shares during the last quarter. Foundry Partners LLC raised its holdings in shares of Ramaco Resources by 66.2% in the first quarter. Foundry Partners LLC now owns 246,305 shares of the energy company’s stock valued at $2,170,000 after purchasing an additional 98,150 shares during the last quarter. Koss Olinger Consulting LLC raised its holdings in shares of Ramaco Resources by 26.7% in the second quarter. Koss Olinger Consulting LLC now owns 24,378 shares of the energy company’s stock valued at $206,000 after purchasing an additional 5,139 shares during the last quarter. Finally, CSS LLC IL acquired a new stake in shares of Ramaco Resources in the second quarter valued at approximately $145,000. 49.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

METC has been the topic of several recent analyst reports. BMO Capital Markets lifted their price objective on shares of Ramaco Resources from $10.00 to $12.00 and gave the stock a “market perform” rating in a research note on Thursday, November 9th. Jefferies Financial Group upped their price objective on shares of Ramaco Resources from $10.50 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, October 4th. B. Riley increased their price target on Ramaco Resources from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, September 27th. Finally, Benchmark lifted their price objective on Ramaco Resources from $11.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, October 18th.

About Ramaco Resources

Ramaco Resources, Inc operates, develops, and sells metallurgical coal. Its development portfolio includes the Elk Creek project located in southern West Virginia; the Berwind property situated on the border of West Virginia and Virginia; the Knox Creek property is located in Virginia; and the RAM Mine property situated in southwestern Pennsylvania.