Peter A. Leidel Sells 225,000 Shares of Ramaco Resources, Inc. (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter A. Leidel sold 225,000 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $8.08, for a total transaction of $1,818,000.00. Following the sale, the director now directly owns 677,403 shares of the company’s stock, valued at $5,473,416.24. This represents a 24.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Ramaco Resources Trading Down 3.5 %

METC opened at $8.16 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86. The company’s 50 day simple moving average is $9.48 and its two-hundred day simple moving average is $10.49. The firm has a market capitalization of $362.33 million, a price-to-earnings ratio of 12.55 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.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings data on Monday, March 10th. The energy company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The company had revenue of $170.90 million for the quarter, compared to analyst estimates of $166.59 million. During the same period last year, the firm posted $0.24 EPS. The business’s quarterly revenue was down 15.7% on a year-over-year basis. Analysts expect that Ramaco Resources, Inc. will post 0.05 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The company also recently disclosed 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 annualized dividend and a yield of 3.37%. Ramaco Resources’s payout ratio is currently 245.45%.

Wall Street Analyst Weigh In

METC has been the subject of several research reports. Benchmark reiterated a “buy” rating on shares of Ramaco Resources in a research note on Wednesday, March 12th. Jefferies Financial Group dropped their price target on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, January 6th.

Hedge Funds Weigh In On Ramaco Resources

Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in shares of Ramaco Resources in the 3rd quarter valued at approximately $22,127,000. Discovery Capital Management LLC CT acquired a new stake in Ramaco Resources during the fourth quarter worth $9,289,000. CenterBook Partners LP purchased a new stake in Ramaco Resources in the fourth quarter valued at $6,862,000. Graham Capital Management L.P. purchased a new position in shares of Ramaco Resources during the 4th quarter worth $3,588,000. Finally, Point72 Asset Management L.P. increased its position in shares of Ramaco Resources by 98.9% during the fourth quarter. Point72 Asset Management L.P. now owns 696,531 shares of the energy company’s stock valued at $7,146,000 after acquiring an additional 346,265 shares during the last quarter. 74.49% of the stock is owned by hedge funds and other institutional investors.

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.