Insider Selling: Warrior Met Coal, Inc. (NYSE:HCC) Insider Sells $750,600.00 in Stock

Warrior Met Coal, Inc. (NYSE:HCC) insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total transaction of $750,600.00. Following the completion of the sale, the insider now owns 61,678 shares of the company’s stock, valued at $4,629,550.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Warrior Met Coal Trading Down 2.0 %

Shares of Warrior Met Coal stock opened at $67.29 on Thursday. Warrior Met Coal, Inc. has a 12-month low of $37.28 and a 12-month high of $75.53. The company has a current ratio of 6.86, a quick ratio of 5.85 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $3.52 billion, a P/E ratio of 8.10 and a beta of 1.05. The stock has a fifty day simple moving average of $66.23 and a 200 day simple moving average of $63.14.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.61. The company had revenue of $503.50 million during the quarter, compared to the consensus estimate of $474.99 million. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. Warrior Met Coal’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the business posted $3.57 earnings per share. On average, sell-side analysts anticipate that Warrior Met Coal, Inc. will post 6.98 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, May 6th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, May 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.48%. Warrior Met Coal’s payout ratio is currently 3.85%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, July 1st. BMO Capital Markets boosted their price objective on Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Citigroup upgraded Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their target price for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. Finally, B. Riley boosted their price target on shares of Warrior Met Coal from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Warrior Met Coal has a consensus rating of “Moderate Buy” and a consensus target price of $72.80.

Institutional Trading of Warrior Met Coal

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Warrior Met Coal by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after acquiring an additional 144 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Warrior Met Coal by 1.0% during the fourth quarter. SummerHaven Investment Management LLC now owns 18,938 shares of the company’s stock valued at $1,155,000 after purchasing an additional 192 shares during the last quarter. Sei Investments Co. boosted its position in Warrior Met Coal by 1.2% during the first quarter. Sei Investments Co. now owns 23,202 shares of the company’s stock worth $1,408,000 after purchasing an additional 277 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Warrior Met Coal by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 19,636 shares of the company’s stock worth $1,197,000 after purchasing an additional 279 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of Warrior Met Coal in the fourth quarter valued at approximately $25,000. 92.28% of the stock is currently owned by institutional investors.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.