Yorktown Energy Partners Xi, L Sells 83,871 Shares of Ramaco Resources, Inc. (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $8.61, for a total value of $722,129.31. Following the completion of the transaction, the insider now owns 1,059,909 shares in the company, valued at $9,125,816.49. The trade was a 7.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Yorktown Energy Partners Xi, L also recently made the following trade(s):

• On Monday, March 24th, Yorktown Energy Partners Xi, L sold 98,274 shares of Ramaco Resources stock. The shares were sold at an average price of $8.85, for a total value of $869,724.90.

Ramaco Resources Trading Up 2.0 %

METC traded up $0.18 during mid-day trading on Monday, hitting $8.97. The stock had a trading volume of 1,000,017 shares, compared to its average volume of 567,479. The stock’s fifty day simple moving average is $9.56 and its 200-day simple moving average is $10.54. The firm has a market capitalization of $398.29 million, a price-to-earnings ratio of 13.80 and a beta of 1.17. Ramaco Resources, Inc. has a 1-year low of $8.17 and a 1-year high of $17.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings data on Monday, March 10th. The energy company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). The firm had revenue of $170.90 million during the quarter, compared to the consensus estimate of $166.59 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. Ramaco Resources’s quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. As a group, research analysts forecast that Ramaco Resources, Inc. will post 0.05 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on METC shares. Benchmark reissued a “buy” rating on shares of Ramaco Resources in a report on Wednesday, March 12th. Jefferies Financial Group dropped their price target on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, January 6th.

Hedge Funds Weigh In On Ramaco Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Pingora Partners LLC raised its holdings in Ramaco Resources by 330.2% during the 3rd quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock worth $43,000 after buying an additional 2,840 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Ramaco Resources during the third quarter worth $45,000. AlphaQuest LLC bought a new stake in shares of Ramaco Resources during the fourth quarter worth $50,000. Campbell Capital Management Inc. acquired a new stake in shares of Ramaco Resources during the fourth quarter worth $51,000. Finally, Jones Financial Companies Lllp bought a new stake in Ramaco Resources in the 4th quarter valued at $56,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

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.