Ramaco Resources, Inc. (NASDAQ:METC) Major Shareholder Yorktown Xi Associates Llc Sells 89,501 Shares

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report) major shareholder Yorktown Xi Associates Llc sold 89,501 shares of the business's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $8.09, for a total transaction of $724,063.09. Following the sale, the insider now directly owns 1,024,870 shares of the company's stock, valued at $8,291,198.30. This represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Ramaco Resources Stock Down 0.5 %

Ramaco Resources stock traded down $0.04 during trading hours on Monday, reaching $8.12. The stock had a trading volume of 200,122 shares, compared to its average volume of 568,988. The company has a market cap of $360.55 million, a price-to-earnings ratio of 12.52 and a beta of 1.17. The business's 50 day moving average price is $9.48 and its 200-day moving average price is $10.50. Ramaco Resources, Inc. has a 52 week low of $7.89 and a 52 week 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 - Get Free Report) last posted its earnings results on Monday, March 10th. The energy company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.36). Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The firm had revenue of $170.90 million for the quarter, compared to analysts' expectations of $166.59 million. During the same period in the previous year, the company earned $0.24 EPS. The company's revenue was down 15.7% on a year-over-year basis. Sell-side analysts anticipate that Ramaco Resources, Inc. will post 0.05 EPS for the current year.

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Ramaco Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.0688 per share. This represents a $0.28 annualized dividend and a yield of 3.39%. Ramaco Resources's dividend payout ratio is currently 245.45%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Ramaco Resources

Several institutional investors have recently added to or reduced their stakes in the business. Pingora Partners LLC increased its holdings in shares of Ramaco Resources by 330.2% during the third quarter. Pingora Partners LLC now owns 3,700 shares of the energy company's stock valued at $43,000 after acquiring an additional 2,840 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Ramaco Resources during the 3rd quarter worth approximately $45,000. AlphaQuest LLC acquired a new position in Ramaco Resources during the 4th quarter valued at approximately $50,000. Campbell Capital Management Inc. purchased a new position in shares of Ramaco Resources in the fourth quarter worth $51,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Ramaco Resources during the fourth quarter worth $56,000. Institutional investors and hedge funds own 74.49% of the company's stock.

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.