Ramaco Resources, Inc. (NASDAQ:METC) Director Peter A. Leidel Sells 180,936 Shares

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report) Director Peter A. Leidel sold 180,936 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $8.82, for a total transaction of $1,595,855.52. Following the completion of the sale, the director now directly owns 708,001 shares in the company, valued at $6,244,568.82. This trade represents a 20.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ramaco Resources Stock Down 2.2 %

Shares of NASDAQ METC traded down $0.19 during midday trading on Friday, hitting $8.27. The company's stock had a trading volume of 145,220 shares, compared to its average volume of 563,453. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86. The firm has a market capitalization of $367.21 million, a price-to-earnings ratio of 12.72 and a beta of 1.17. The business's fifty day simple moving average is $9.50 and its two-hundred day simple moving average is $10.50. Ramaco Resources, Inc. has a 1 year low of $8.09 and a 1 year high of $17.23.

Ramaco Resources (NASDAQ:METC - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The energy company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.36). The business had revenue of $170.90 million during the quarter, compared to analysts' expectations of $166.59 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The business's quarterly revenue was down 15.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS. On average, equities analysts predict that Ramaco Resources, Inc. will post 0.05 EPS for the current year.

Ramaco Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.0688 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.33%. Ramaco Resources's dividend payout ratio is currently 245.45%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Ramaco Resources by 3.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,656 shares of the energy company's stock valued at $427,000 after purchasing an additional 1,425 shares in the last quarter. WBI Investments LLC purchased a new stake in shares of Ramaco Resources during the 4th quarter worth approximately $154,000. Westwood Holdings Group Inc. acquired a new stake in Ramaco Resources during the 4th quarter worth $247,000. Wexford Capital LP acquired a new stake in shares of Ramaco Resources during the fourth quarter worth about $825,000. Finally, Trustees of Columbia University in the City of New York purchased a new stake in Ramaco Resources in the fourth quarter valued at approximately $218,000. Hedge funds and other institutional investors own 74.49% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on METC. Jefferies Financial Group dropped their target price on shares of Ramaco Resources from $19.00 to $13.00 and set a "buy" rating for the company in a report on Monday, January 6th. Benchmark reaffirmed a "buy" rating on shares of Ramaco Resources in a research note on Wednesday, March 12th.

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.