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 the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $8.85, for a total transaction of $2,168,250.00. Following the transaction, the director now directly owns 695,601 shares in the company, valued at $6,156,068.85. The trade was a 26.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Ramaco Resources Stock Performance

NASDAQ:METC opened at $8.97 on Tuesday. The company has a market cap of $398.29 million, a P/E ratio of 13.80 and a beta of 1.17. The firm’s 50 day moving average is $9.56 and its two-hundred day moving average is $10.54. Ramaco Resources, Inc. has a fifty-two week low of $8.17 and a fifty-two week 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.

Ramaco Resources (NASDAQ:METC) last issued its earnings results on Monday, March 10th. The energy company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.36). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The firm had revenue of $170.90 million during the quarter, compared to analysts’ expectations of $166.59 million. During the same period last year, the business posted $0.24 earnings per share. The company’s quarterly revenue was down 15.7% compared to the same quarter last year. Analysts expect 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 paid a $0.0688 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.07%. Ramaco Resources’s dividend payout ratio is currently 245.45%.

Institutional Trading of Ramaco Resources

Institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Ramaco Resources by 3.5% in 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 valued at $427,000 after buying an additional 1,425 shares during the period. Arkfeld Wealth Strategies L.L.C. increased its position in shares of 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 acquiring an additional 1,748 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Ramaco Resources by 15.3% in the 4th quarter. Legal & General Group Plc now owns 13,752 shares of the energy company’s stock valued at $141,000 after acquiring an additional 1,822 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Ramaco Resources by 13.9% during the 4th quarter. MetLife Investment Management LLC now owns 16,189 shares of the energy company’s stock valued at $166,000 after acquiring an additional 1,970 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in Ramaco Resources by 12.5% during the 4th quarter. New York State Common Retirement Fund now owns 17,988 shares of the energy company’s stock worth $185,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors own 74.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on METC shares. Jefferies Financial Group reduced their price target on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Benchmark reiterated a “buy” rating on shares of Ramaco Resources in a research report on Wednesday, March 12th.

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.