Texas Yale Capital Corp. Buys 109,500 Shares of Ramaco Resources, Inc. $METC

Texas Yale Capital Corp. lifted its stake in shares of Ramaco Resources, Inc. (NASDAQ:METC) by 331.9% in the 4th quarter, Holdings Channel reports. The fund owned 142,488 shares of the energy company’s stock after acquiring an additional 109,500 shares during the quarter. Texas Yale Capital Corp.’s holdings in Ramaco Resources were worth $2,565,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Lunt Capital Management Inc. grew its position in Ramaco Resources by 801.3% in the fourth quarter. Lunt Capital Management Inc. now owns 557,899 shares of the energy company’s stock valued at $10,042,000 after purchasing an additional 495,999 shares in the last quarter. Vanguard Group Inc. grew its position in Ramaco Resources by 40.0% in the third quarter. Vanguard Group Inc. now owns 2,335,257 shares of the energy company’s stock valued at $77,507,000 after purchasing an additional 667,199 shares in the last quarter. Ghisallo Capital Management LLC bought a new position in Ramaco Resources in the third quarter valued at $9,957,000. Cinctive Capital Management LP bought a new position in Ramaco Resources in the third quarter valued at $2,707,000. Finally, Bamco Inc. NY bought a new position in Ramaco Resources in the third quarter valued at $20,679,000. Institutional investors own 74.49% of the company’s stock.

Ramaco Resources Stock Performance

Shares of METC stock opened at $15.61 on Monday. The stock has a market cap of $1.02 billion, a P/E ratio of -14.19 and a beta of 1.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 4.88 and a quick ratio of 3.93. The company has a fifty day moving average price of $14.56 and a two-hundred day moving average price of $16.73. Ramaco Resources, Inc. has a one year low of $8.51 and a one year high of $57.80.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings results on Monday, May 11th. The energy company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.08). The firm had revenue of $101.41 million during the quarter, compared to analyst estimates of $129.72 million. Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.44%. The business’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.20) EPS. As a group, equities analysts predict that Ramaco Resources, Inc. will post -0.27 EPS for the current year.

Wall Street Analyst Weigh In

METC has been the subject of a number of analyst reports. The Goldman Sachs Group raised shares of Ramaco Resources from a “sell” rating to a “neutral” rating and raised their target price for the company from $14.00 to $15.00 in a research report on Tuesday, April 21st. Morgan Stanley decreased their target price on shares of Ramaco Resources from $17.50 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. B. Riley Financial decreased their target price on shares of Ramaco Resources from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Robert W. Baird decreased their target price on shares of Ramaco Resources from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Finally, Zacks Research raised shares of Ramaco Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.29.

Insider Buying and Selling

In other Ramaco Resources news, major shareholder Discovery Capital Management, sold 200,000 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $14.79, for a total value of $2,958,000.00. Following the completion of the sale, the insider owned 5,311,360 shares in the company, valued at $78,555,014.40. This trade represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 46.07% of the stock is currently owned by corporate insiders.

About Ramaco Resources

Ramaco Resources, Inc (NASDAQ:METC) is a U.S.-based producer of premium metallurgical coal and industrial minerals, focused on supplying the steel and allied industries. The company’s operations are centered in the Appalachian region of West Virginia, where it develops, mines and processes high-carbon coal products designed to meet the quality requirements of blast?furnace and electric?arc furnace steelmakers.

The firm’s flagship asset is the Elk Creek underground mine in Wyoming County, West Virginia, which began commercial production in 2019 and delivers a range of high?grade metallurgical and anthracite coals.