Ramaco Resources, Inc. (NASDAQ:METC) Major Shareholder Yorktown Energy Partners Xi, L Sells 98,274 Shares

Ramaco Resources, Inc. (NASDAQ:METC) major shareholder Yorktown Energy Partners Xi, L sold 98,274 shares of Ramaco Resources stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $8.85, for a total value of $869,724.90. Following the completion of the transaction, the insider now owns 1,052,404 shares of the company’s stock, valued at approximately $9,313,775.40. The trade was a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Yorktown Energy Partners Xi, L also recently made the following trade(s):

• On Friday, March 21st, Yorktown Energy Partners Xi, L sold 83,871 shares of Ramaco Resources stock. The stock was sold at an average price of $8.61, for a total value of $722,129.31.

Ramaco Resources Trading Down 1.8 %

Shares of METC stock opened at $8.36 on Thursday. 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 stock has a 50-day simple moving average of $9.54 and a 200 day simple moving average of $10.53. Ramaco Resources, Inc. has a fifty-two week low of $8.09 and a fifty-two week high of $17.23. The stock has a market capitalization of $371.21 million, a P/E ratio of 12.86 and a beta of 1.17.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings data 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 return on equity of 10.17% and a net margin of 5.35%. The business had revenue of $170.90 million during the quarter, compared to analyst estimates of $166.59 million. During the same period in the prior year, the firm earned $0.24 EPS. The business’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, sell-side analysts expect that Ramaco Resources, Inc. will post 0.05 earnings per share for the current fiscal year.

Ramaco Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.0688 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.29%. Ramaco Resources’s dividend payout ratio is currently 245.45%.

Institutional Investors Weigh In On Ramaco Resources

Large investors have recently modified their holdings of the stock. Pingora Partners LLC raised its position in shares of Ramaco Resources by 330.2% during the third quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock worth $43,000 after purchasing an additional 2,840 shares during the period. Point72 DIFC Ltd acquired a new stake in Ramaco Resources during the 3rd quarter worth about $45,000. AlphaQuest LLC purchased a new stake in Ramaco Resources during the fourth quarter valued at about $50,000. Campbell Capital Management Inc. acquired a new position in shares of Ramaco Resources in the fourth quarter worth about $51,000. Finally, Jones Financial Companies Lllp purchased a new position in shares of Ramaco Resources in the fourth quarter worth approximately $56,000. 74.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on METC shares. Jefferies Financial Group lowered their price target 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. Benchmark restated 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.