Ramaco Resources, Inc. (NASDAQ:METC) Major Shareholder Yorktown Energy Partners Xi, L Sells 83,871 Shares of Stock

Ramaco Resources, Inc. (NASDAQ:METC) major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $8.61, for a total value of $722,129.31. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed 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 Up 2.0 %

Shares of METC stock 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 company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. The firm has a market cap of $398.29 million, a PE ratio of 13.80 and a beta of 1.17. The stock has a 50 day moving average of $9.56 and a 200-day moving average of $10.54.

Ramaco Resources (NASDAQ:METC) last released its earnings results on Monday, March 10th. The energy company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.36). The company 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 for the quarter was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 earnings per share. On average, equities analysts predict that Ramaco Resources, Inc. will post 0.05 EPS for the current year.

Ramaco Resources Cuts Dividend

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

Hedge Funds Weigh In On Ramaco Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Ramaco Resources by 3.5% during 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 purchasing an additional 1,425 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its position 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 worth $2,251,000 after purchasing an additional 1,748 shares during the period. Legal & General Group Plc lifted its position 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 during the period. MetLife Investment Management LLC boosted its stake in Ramaco Resources by 13.9% during the fourth quarter. MetLife Investment Management LLC now owns 16,189 shares of the energy company’s stock worth $166,000 after buying an additional 1,970 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in 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 during the period. 74.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on METC. Benchmark reaffirmed a “buy” rating on shares of Ramaco Resources in a report on Wednesday, March 12th. Jefferies Financial Group cut their target price 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.

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.