Yorktown Energy Partners Xi, L Sells 98,274 Shares of Ramaco Resources, Inc. (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) major shareholder Yorktown Energy Partners Xi, L sold 98,274 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were 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. This trade represents a 8.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 stock was sold at an average price of $8.61, for a total value of $722,129.31.

Ramaco Resources Stock Up 2.0 %

Shares of METC traded up $0.18 during midday trading on Monday, reaching $8.97. 1,000,017 shares of the stock were exchanged, compared to its average volume of 567,479. 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 company’s 50 day moving average is $9.56 and its two-hundred day moving average is $10.54. The company 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 52 week low of $8.17 and a 52 week high of $17.23.

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

Ramaco Resources Cuts Dividend

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

Institutional Trading of Ramaco Resources

A number of hedge funds have recently bought and sold shares of METC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Ramaco Resources by 3.5% in the 4th 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 acquiring an additional 1,425 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. grew its stake in Ramaco Resources by 0.8% in the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 232,755 shares of the energy company’s stock valued at $2,251,000 after purchasing an additional 1,748 shares during the last quarter. Legal & General Group Plc raised its holdings in Ramaco Resources by 15.3% in the fourth quarter. Legal & General Group Plc now owns 13,752 shares of the energy company’s stock worth $141,000 after purchasing an additional 1,822 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Ramaco Resources by 13.9% during the fourth quarter. MetLife Investment Management LLC now owns 16,189 shares of the energy company’s stock valued at $166,000 after buying an additional 1,970 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Ramaco Resources by 12.5% in the 4th quarter. New York State Common Retirement Fund now owns 17,988 shares of the energy company’s stock valued at $185,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on METC. Jefferies Financial Group cut their price objective on 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 report on Wednesday, March 12th.

Ramaco Resources Company Profile

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.