Ramaco Resources, Inc. (NASDAQ:METC) Director Peter A. Leidel Sells 180,936 Shares of Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter A. Leidel sold 180,936 shares of Ramaco Resources stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $8.82, for a total value of $1,595,855.52. Following the sale, the director now owns 708,001 shares of the company’s stock, valued at approximately $6,244,568.82. This represents a 20.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Ramaco Resources Stock Up 2.0 %

Shares of NASDAQ:METC opened at $8.97 on Tuesday. Ramaco Resources, Inc. has a 12-month low of $8.17 and a 12-month high of $17.23. The stock’s 50-day moving average price is $9.56 and its two-hundred day moving average price is $10.54. 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 firm has a market cap of $398.29 million, a price-to-earnings ratio of 13.80 and a beta of 1.17.

Ramaco Resources (NASDAQ:METC) last released its earnings results on Monday, March 10th. The energy company reported $0.06 earnings per share (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 company had revenue of $170.90 million during the quarter, compared to analysts’ expectations of $166.59 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Ramaco Resources’s revenue for the quarter was down 15.7% compared to the same quarter last year. On average, research analysts forecast that Ramaco Resources, Inc. will post 0.05 EPS for the current year.

Ramaco Resources Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in shares of Ramaco Resources by 18.1% in the 3rd quarter. Victory Capital Management Inc. now owns 127,965 shares of the energy company’s stock worth $1,497,000 after purchasing an additional 19,575 shares during the period. Charles Schwab Investment Management Inc. increased its position in Ramaco Resources by 231.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company’s stock worth $3,070,000 after purchasing an additional 183,163 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its position in Ramaco Resources by 190.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 89,958 shares of the energy company’s stock worth $1,053,000 after purchasing an additional 58,980 shares in the last quarter. FMR LLC raised its holdings in Ramaco Resources by 5.3% in the third quarter. FMR LLC now owns 371,885 shares of the energy company’s stock valued at $4,351,000 after buying an additional 18,582 shares during the period. Finally, HighTower Advisors LLC acquired a new position in Ramaco Resources during the third quarter valued at approximately $148,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

Analysts Set New Price Targets

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