Barclays PLC Grows Holdings in Ramaco Resources, Inc. (NASDAQ:METC)

Barclays PLC increased its stake in Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 369.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,409 shares of the energy company's stock after purchasing an additional 34,954 shares during the quarter. Barclays PLC owned approximately 0.08% of Ramaco Resources worth $519,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Pingora Partners LLC raised its stake in shares of Ramaco Resources by 330.2% in the third quarter. Pingora Partners LLC now owns 3,700 shares of the energy company's stock valued at $43,000 after buying an additional 2,840 shares during the period. Point72 DIFC Ltd purchased a new stake in Ramaco Resources in the 3rd quarter worth about $45,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Ramaco Resources during the second quarter valued at about $94,000. The Manufacturers Life Insurance Company purchased a new stake in Ramaco Resources during the second quarter valued at about $139,000. Finally, HighTower Advisors LLC bought a new position in Ramaco Resources during the third quarter worth about $148,000. Hedge funds and other institutional investors own 74.49% of the company's stock.

Wall Street Analyst Weigh In

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

Ramaco Resources Price Performance

NASDAQ METC traded up $0.34 during trading hours on Friday, hitting $9.58. The company had a trading volume of 518,786 shares, compared to its average volume of 402,894. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35. The firm has a market capitalization of $503.24 million, a price-to-earnings ratio of 14.74 and a beta of 1.18. Ramaco Resources, Inc. has a 52 week low of $8.87 and a 52 week high of $20.70. The firm has a 50 day simple moving average of $11.27 and a 200 day simple moving average of $11.66.

Ramaco Resources (NASDAQ:METC - Get Free Report) last posted its earnings results on Monday, November 4th. The energy company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The firm had revenue of $167.40 million for the quarter, compared to the consensus estimate of $156.41 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business's revenue was down 10.5% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. Equities research analysts expect that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend was Monday, December 2nd. Ramaco Resources's payout ratio is 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.