Ramaco Resources, Inc. (NASDAQ:METC) Shares Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd increased its position in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 190.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,958 shares of the energy company's stock after buying an additional 58,980 shares during the period. Dynamic Technology Lab Private Ltd owned 0.21% of Ramaco Resources worth $1,053,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Ramaco Resources by 21.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,380,601 shares of the energy company's stock valued at $17,186,000 after purchasing an additional 245,924 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Ramaco Resources by 231.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company's stock worth $3,070,000 after purchasing an additional 183,163 shares during the last quarter. Vanguard Group Inc. lifted its stake in Ramaco Resources by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 1,591,146 shares of the energy company's stock valued at $26,795,000 after buying an additional 130,593 shares in the last quarter. Marshall Wace LLP boosted its holdings in Ramaco Resources by 287.2% in the 2nd quarter. Marshall Wace LLP now owns 125,565 shares of the energy company's stock worth $1,563,000 after buying an additional 93,139 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Ramaco Resources by 14.9% during the 2nd quarter. American Century Companies Inc. now owns 694,615 shares of the energy company's stock worth $8,648,000 after buying an additional 90,014 shares in the last quarter. Institutional investors and hedge funds own 74.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on METC shares. B. Riley decreased their target price on 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 reaffirmed a "buy" rating and set a $20.00 target price on shares of Ramaco Resources in a research note on Thursday, August 29th.

Ramaco Resources Stock Down 0.7 %

Shares of NASDAQ:METC opened at $12.35 on Wednesday. The stock has a market cap of $648.75 million, a P/E ratio of 19.00 and a beta of 1.08. The business has a fifty day moving average of $11.22 and a two-hundred day moving average of $12.28. Ramaco Resources, Inc. has a 52-week low of $9.03 and a 52-week high of $22.70. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23.

Ramaco Resources (NASDAQ:METC - Get Free Report) last posted its quarterly 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 business had revenue of $167.40 million during the quarter, compared to analyst estimates of $156.41 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The firm's quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. On average, research analysts expect that Ramaco Resources, Inc. will post 0.86 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date of this dividend is Monday, December 2nd. Ramaco Resources's dividend payout ratio (DPR) is currently 84.62%.

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.