Ramaco Resources, Inc. (NASDAQ:METC) Director Peter A. Leidel Sells 245,000 Shares

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter A. Leidel sold 245,000 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $8.85, for a total transaction of $2,168,250.00. Following the completion of the sale, the director now owns 695,601 shares of the company’s stock, valued at approximately $6,156,068.85. The trade was a 26.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ramaco Resources Trading Up 2.0 %

Shares of Ramaco Resources stock opened at $8.97 on Tuesday. The company has a 50-day moving average of $9.56 and a two-hundred day moving average of $10.54. The stock has a market cap of $398.29 million, a PE ratio of 13.80 and a beta of 1.17. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. Ramaco Resources, Inc. has a 12-month low of $8.17 and a 12-month high of $17.23.

Ramaco Resources (NASDAQ:METC) last issued 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). The firm had revenue of $170.90 million for the quarter, compared to analyst estimates of $166.59 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 earnings per share. On average, research analysts anticipate that Ramaco Resources, Inc. will post 0.05 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.0688 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.07%. Ramaco Resources’s payout ratio is 245.45%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on METC shares. Benchmark reissued a “buy” rating on shares of Ramaco Resources in a research note on Wednesday, March 12th. Jefferies Financial Group cut their price objective on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, January 6th.

Hedge Funds Weigh In On Ramaco Resources

Several hedge funds have recently added to or reduced their stakes in METC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Ramaco Resources by 3.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,656 shares of the energy company’s stock valued at $427,000 after purchasing an additional 1,425 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. grew its holdings in Ramaco Resources by 0.8% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 232,755 shares of the energy company’s stock valued at $2,251,000 after buying an additional 1,748 shares during the last quarter. Legal & General Group Plc increased its position in Ramaco Resources by 15.3% during the fourth quarter. Legal & General Group Plc now owns 13,752 shares of the energy company’s stock worth $141,000 after buying an additional 1,822 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Ramaco Resources by 13.9% in the fourth quarter. MetLife Investment Management LLC now owns 16,189 shares of the energy company’s stock worth $166,000 after acquiring an additional 1,970 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Ramaco Resources by 12.5% in the fourth quarter. New York State Common Retirement Fund now owns 17,988 shares of the energy company’s stock worth $185,000 after acquiring an additional 2,000 shares during the last quarter. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

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.