Investors Buy High Volume of Ramaco Resources Call Options (NASDAQ:METC)

Ramaco Resources, Inc. (NASDAQ:METC) was the target of some unusual options trading activity on Tuesday. Investors acquired 3,162 call options on the stock. This is an increase of approximately 259% compared to the average volume of 880 call options.

Insider Activity

In other news, major shareholder Yorktown Xi Associates Llc sold 89,501 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $8.09, for a total value of $724,063.09. Following the completion of the sale, the insider now owns 1,024,870 shares of the company’s stock, valued at approximately $8,291,198.30. This represents a 8.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $8.61, for a total transaction of $722,129.31. Following the sale, the insider now directly owns 1,059,909 shares in the company, valued at approximately $9,125,816.49. This represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 922,582 shares of company stock valued at $7,898,023. 41.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Wellington Management Group LLP purchased a new stake in Ramaco Resources in the 3rd quarter worth $22,127,000. Dimensional Fund Advisors LP boosted its stake in shares of Ramaco Resources by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,745,409 shares of the energy company’s stock worth $17,907,000 after acquiring an additional 142,423 shares during the last quarter. Discovery Capital Management LLC CT acquired a new position in Ramaco Resources in the 4th quarter valued at $9,289,000. American Century Companies Inc. lifted its holdings in Ramaco Resources by 10.8% in the 4th quarter. American Century Companies Inc. now owns 870,957 shares of the energy company’s stock valued at $8,936,000 after purchasing an additional 84,734 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Ramaco Resources by 39.0% during the fourth quarter. Wells Fargo & Company MN now owns 797,283 shares of the energy company’s stock worth $8,180,000 after buying an additional 223,682 shares in the last quarter. 74.49% of the stock is owned by institutional investors and hedge funds.

Ramaco Resources Stock Down 1.9 %

METC stock opened at $8.34 on Thursday. Ramaco Resources has a one year low of $7.87 and a one year high of $16.92. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35. The firm’s fifty day moving average is $9.40 and its 200 day moving average is $10.46. The firm has a market cap of $450.36 million, a PE ratio of 12.83 and a beta of 1.14.

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). The business had revenue of $170.90 million for the quarter, compared to analyst estimates of $166.59 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. Ramaco Resources’s revenue was down 15.7% on a year-over-year basis. During the same quarter last year, the business earned $0.24 earnings per share. On average, research analysts forecast that Ramaco Resources will post 0.05 EPS for the current year.

Ramaco Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.0688 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.30%. Ramaco Resources’s dividend payout ratio (DPR) is presently 245.45%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on METC. Benchmark reaffirmed a “buy” rating on shares of Ramaco Resources in a research report on Wednesday, March 12th. Jefferies Financial Group reduced their price target on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a research report 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.