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

Ramaco Resources, Inc. (NASDAQ:METC) major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of Ramaco Resources stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $8.61, for a total value of $722,129.31. Following the completion of the sale, 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 is available through the SEC website. Large 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 transaction of $869,724.90.

Ramaco Resources Stock Up 2.0 %

Shares of Ramaco Resources stock traded up $0.18 on Monday, reaching $8.97. 1,000,017 shares of the company were exchanged, compared to its average volume of 567,479. The company has a market capitalization of $398.29 million, a price-to-earnings ratio of 13.80 and a beta of 1.17. 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, Inc. has a one year low of $8.17 and a one year high of $17.23. The company has a 50-day moving average of $9.56 and a 200 day moving average of $10.54.

Ramaco Resources (NASDAQ:METC) last posted its quarterly 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). The firm had revenue of $170.90 million for the quarter, compared to the consensus estimate of $166.59 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business’s revenue was down 15.7% compared to the same quarter last year. During the same period last year, the company posted $0.24 earnings per share. On average, equities research analysts forecast that Ramaco Resources, Inc. will post 0.05 earnings per share 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 paid a $0.0688 dividend. This represents a $0.28 annualized dividend and a yield of 3.07%. Ramaco Resources’s dividend payout ratio (DPR) is currently 245.45%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on METC shares. Jefferies Financial Group reduced their target price on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a report on Monday, January 6th. Benchmark restated a “buy” rating on shares of Ramaco Resources in a research note on Wednesday, March 12th.

Hedge Funds Weigh In On Ramaco Resources

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

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.