Yorktown Xi Associates Llc Sells 93,574 Shares of Ramaco Resources, Inc. (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) major shareholder Yorktown Xi Associates Llc sold 93,574 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $16.22, for a total value of $1,517,770.28. Following the transaction, the insider now directly owns 1,090,529 shares in the company, valued at approximately $17,688,380.38. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Yorktown Xi Associates Llc also recently made the following trade(s):

• On Monday, November 20th, Yorktown Xi Associates Llc sold 16,961 shares of Ramaco Resources stock. The stock was sold at an average price of $16.46, for a total value of $279,178.06.

Ramaco Resources Trading Down 3.9 %

METC opened at $16.43 on Tuesday. Ramaco Resources, Inc. has a one year low of $7.26 and a one year high of $19.94. The company has a market cap of $865.70 million, a P/E ratio of 11.25 and a beta of 1.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 1.19. The business’s 50-day simple moving average is $11.47 and its 200-day simple moving average is $9.60.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings results on Tuesday, November 7th. The energy company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $187.00 million for the quarter, compared to the consensus estimate of $159.63 million. Ramaco Resources had a return on equity of 20.69% and a net margin of 10.65%. The firm’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. As a group, equities research analysts expect that Ramaco Resources, Inc. will post 1.75 EPS for the current fiscal year.

Ramaco Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.50 dividend on an annualized basis and a yield of 3.04%. Ramaco Resources’s payout ratio is 34.25%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Jefferies Financial Group upped their price target on Ramaco Resources from $10.50 to $12.50 and gave the stock a “buy” rating in a report on Wednesday, October 4th. B. Riley upped their price target on Ramaco Resources from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, September 27th. Benchmark upped their price target on Ramaco Resources from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, BMO Capital Markets increased their price objective on Ramaco Resources from $10.00 to $12.00 and gave the company a “market perform” rating in a report on Thursday, November 9th.

Institutional Trading of Ramaco Resources

A number of hedge funds have recently added to or reduced their stakes in METC. JPMorgan Chase & Co. lifted its position in Ramaco Resources by 533.0% during the 1st quarter. JPMorgan Chase & Co. now owns 959,504 shares of the energy company’s stock worth $15,160,000 after acquiring an additional 807,921 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Ramaco Resources by 103.5% in the 1st quarter. Bank of New York Mellon Corp now owns 72,164 shares of the energy company’s stock valued at $1,140,000 after buying an additional 36,707 shares during the period. Citigroup Inc. lifted its holdings in shares of Ramaco Resources by 87.3% in the 1st quarter. Citigroup Inc. now owns 37,405 shares of the energy company’s stock valued at $591,000 after buying an additional 17,435 shares during the period. Bank of Montreal Can acquired a new stake in shares of Ramaco Resources in the 1st quarter valued at approximately $243,000. Finally, BlackRock Inc. lifted its holdings in shares of Ramaco Resources by 16.8% in the 1st quarter. BlackRock Inc. now owns 195,732 shares of the energy company’s stock valued at $3,093,000 after buying an additional 28,112 shares during the period. 49.68% of the stock is owned by institutional investors and hedge funds.

About Ramaco Resources

Ramaco Resources, Inc operates, develops, and sells metallurgical coal. Its development portfolio includes the Elk Creek project located in southern West Virginia; the Berwind property situated on the border of West Virginia and Virginia; the Knox Creek property is located in Virginia; and the RAM Mine property situated in southwestern Pennsylvania.