Acuitas Investments LLC Increases Stock Position in Ramaco Resources, Inc. (NASDAQ:METC)

Acuitas Investments LLC grew its stake in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 153.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,097 shares of the energy company's stock after purchasing an additional 92,008 shares during the period. Acuitas Investments LLC owned approximately 0.29% of Ramaco Resources worth $1,561,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of METC. Pingora Partners LLC lifted its holdings in Ramaco Resources by 330.2% in the third 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 purchased a new position in shares of Ramaco Resources in the 3rd quarter valued at approximately $45,000. Prairiewood Capital LLC bought a new stake in shares of Ramaco Resources during the fourth quarter valued at approximately $103,000. HighTower Advisors LLC purchased a new stake in Ramaco Resources in the third quarter worth $148,000. Finally, SG Americas Securities LLC raised its holdings in Ramaco Resources by 68.8% in the fourth quarter. SG Americas Securities LLC now owns 16,076 shares of the energy company's stock worth $165,000 after purchasing an additional 6,555 shares in the last quarter. Hedge funds and other institutional investors own 74.49% of the company's stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reduced their target price on shares of Ramaco Resources from $19.00 to $13.00 and set a "buy" rating on the stock in a research report on Monday, January 6th.

Ramaco Resources Stock Down 0.6 %

METC stock traded down $0.06 on Friday, reaching $9.75. 680,163 shares of the company traded hands, compared to its average volume of 493,758. The firm has a fifty day simple moving average of $9.95 and a 200-day simple moving average of $10.96. The company has a market cap of $512.17 million, a P/E ratio of 15.00 and a beta of 1.16. Ramaco Resources, Inc. has a one year low of $8.87 and a one year high of $20.70. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.1375 dividend. This represents a $0.55 annualized dividend and a dividend yield of 5.64%. The ex-dividend date of this dividend is Friday, February 28th. Ramaco Resources's dividend payout ratio is presently 84.62%.

About Ramaco Resources

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.