Ramaco Resources, Inc. (NASDAQ:METC) Major Shareholder Sells $722,129.31 in Stock

Ramaco Resources, Inc. (NASDAQ:METC) major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $8.61, for a total value of $722,129.31. Following the sale, the insider now owns 1,059,909 shares of the company’s stock, valued at approximately $9,125,816.49. This represents a 7.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, March 24th, Yorktown Energy Partners Xi, L sold 98,274 shares of Ramaco Resources stock. The stock was sold at an average price of $8.85, for a total value of $869,724.90.

Ramaco Resources Stock Performance

NASDAQ:METC opened at $8.36 on Thursday. The stock’s 50-day moving average is $9.54 and its 200-day moving average is $10.53. The stock has a market cap of $371.21 million, a P/E ratio of 12.86 and a beta of 1.17. Ramaco Resources, Inc. has a 1-year low of $8.09 and a 1-year 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.36). The business had revenue of $170.90 million during 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%. The company’s revenue was down 15.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share. Equities research analysts anticipate that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 3.29%. Ramaco Resources’s dividend payout ratio (DPR) is presently 245.45%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Ramaco Resources

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP bought a new stake in Ramaco Resources in the third quarter valued at approximately $22,127,000. Dimensional Fund Advisors LP boosted its stake in shares of Ramaco Resources by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,745,409 shares of the energy company’s stock valued at $17,907,000 after purchasing an additional 142,423 shares during the last quarter. Discovery Capital Management LLC CT acquired a new stake in shares of Ramaco Resources during the fourth quarter worth $9,289,000. American Century Companies Inc. raised its stake in Ramaco Resources by 10.8% during the fourth quarter. American Century Companies Inc. now owns 870,957 shares of the energy company’s stock worth $8,936,000 after buying an additional 84,734 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in 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 during the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

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.