Samalin Investment Counsel LLC Purchases New Shares in Ramaco Resources, Inc. $METCB

Samalin Investment Counsel LLC acquired a new position in shares of Ramaco Resources, Inc. (NASDAQ:METCB) during the 3rd quarter, Holdings Channel reports. The firm acquired 57,663 shares of the company’s stock, valued at approximately $972,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Byrne Asset Management LLC acquired a new position in shares of Ramaco Resources in the third quarter valued at about $172,000. Y Intercept Hong Kong Ltd bought a new stake in Ramaco Resources in the 2nd quarter valued at about $152,000. FNY Investment Advisers LLC acquired a new position in shares of Ramaco Resources during the 2nd quarter worth approximately $153,000. XTX Topco Ltd increased its holdings in shares of Ramaco Resources by 49.2% during the second quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock worth $167,000 after purchasing an additional 6,727 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Ramaco Resources in the second quarter valued at approximately $187,000. Institutional investors and hedge funds own 9.63% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Ramaco Resources in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Ramaco Resources Price Performance

Shares of NASDAQ:METCB opened at $12.88 on Wednesday. The firm has a 50 day moving average of $12.26 and a 200-day moving average of $14.14. Ramaco Resources, Inc. has a 12 month low of $6.01 and a 12 month high of $22.11. The company has a current ratio of 2.97, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $850.08 million, a PE ratio of -18.94 and a beta of 0.97.

Ramaco Resources (NASDAQ:METCB) last announced its quarterly earnings data on Monday, October 27th. The company reported ($0.25) earnings per share (EPS) for the quarter. Ramaco Resources had a negative net margin of 5.67% and a negative return on equity of 7.52%. The firm had revenue of $121.00 million during the quarter.

Ramaco Resources Profile

Ramaco Resources (NASDAQ:METCB) is a U.S.-based coal company focused on the exploration, development and production of metallurgical and thermal coal. The company’s operations encompass both surface and underground mining in the central Appalachian Basin, where it seeks to capitalize on the region’s high-quality, low-ash coal reserves. Ramaco’s product portfolio includes metallurgical coking coal used in steelmaking, as well as steam coal for power generation, with an emphasis on meeting the exacting specifications of industrial customers.

Founded in 2014 and headquartered in Houston, Texas, Ramaco Resources has assembled a strategic acreage position in southern West Virginia and southwestern Pennsylvania.