Peter A. Leidel Sells 245,000 Shares of Ramaco Resources, Inc. (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter A. Leidel sold 245,000 shares of Ramaco Resources stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $8.85, for a total value of $2,168,250.00. Following the sale, the director now directly owns 695,601 shares of the company’s stock, valued at $6,156,068.85. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ramaco Resources Stock Down 5.1 %

Shares of METC stock opened at $8.51 on Wednesday. Ramaco Resources, Inc. has a twelve month low of $8.17 and a twelve month high of $17.23. The stock has a market cap of $377.87 million, a P/E ratio of 13.09 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. 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 posted its 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). Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The firm had revenue of $170.90 million during the quarter, compared to analyst estimates of $166.59 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The business’s revenue for the quarter was down 15.7% on a year-over-year basis. As a group, sell-side analysts expect 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. Stockholders of record on Friday, May 30th will be paid a dividend of $0.0688 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.23%. Ramaco Resources’s payout ratio is currently 245.45%.

Wall Street Analysts Forecast Growth

METC has been the subject of several research reports. Benchmark restated a “buy” rating on shares of Ramaco Resources in a research note on Wednesday, March 12th. Jefferies Financial Group lowered 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.

Institutional Investors Weigh In On Ramaco Resources

A number of institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Ramaco Resources by 3.5% during the fourth 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. WBI Investments LLC purchased a new position in shares of Ramaco Resources during the 4th quarter valued at approximately $154,000. Westwood Holdings Group Inc. acquired a new stake in Ramaco Resources in the 4th quarter valued at $247,000. Wexford Capital LP purchased a new stake in Ramaco Resources in the 4th quarter worth $825,000. Finally, Trustees of Columbia University in the City of New York acquired a new position in Ramaco Resources during the fourth quarter worth $218,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

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.