Charles Schwab Investment Management Inc. Purchases 183,163 Shares of Ramaco Resources, Inc. (NASDAQ:METC)

Charles Schwab Investment Management Inc. boosted its holdings in Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 231.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 262,354 shares of the energy company's stock after acquiring an additional 183,163 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.60% of Ramaco Resources worth $3,070,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in Ramaco Resources in the 2nd quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Ramaco Resources in the 2nd quarter valued at about $94,000. Koss Olinger Consulting LLC bought a new position in Ramaco Resources in the 2nd quarter valued at about $134,000. The Manufacturers Life Insurance Company bought a new position in Ramaco Resources in the 2nd quarter valued at about $139,000. Finally, WINTON GROUP Ltd bought a new position in Ramaco Resources in the 2nd quarter valued at about $229,000. Institutional investors own 74.49% of the company's stock.

Ramaco Resources Stock Performance

Shares of NASDAQ:METC traded up $0.07 during mid-day trading on Friday, reaching $12.02. The company had a trading volume of 466,788 shares, compared to its average volume of 676,502. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. The firm has a market cap of $631.41 million, a price-to-earnings ratio of 18.49 and a beta of 1.14. The company's 50-day moving average price is $11.65 and its 200-day moving average price is $12.16. Ramaco Resources, Inc. has a one year low of $9.03 and a one year high of $22.70.

Ramaco Resources (NASDAQ:METC - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The energy company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The company had revenue of $167.40 million during the quarter, compared to the consensus estimate of $156.41 million. During the same period last year, the firm posted $0.45 EPS. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Ramaco Resources, Inc. will post 0.86 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.1375 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.55 dividend on an annualized basis and a yield of 4.58%. Ramaco Resources's payout ratio is 84.62%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. B. Riley dropped their price target on shares of Ramaco Resources from $19.00 to $18.00 and set a "buy" rating on the stock in a research report on Tuesday, September 17th. Benchmark restated a "buy" rating and issued a $20.00 target price on shares of Ramaco Resources in a research note on Thursday, August 29th.

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.