Peter A. Leidel Sells 245,000 Shares of Ramaco Resources, Inc. (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report) Director Peter A. Leidel sold 245,000 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $8.85, for a total value of $2,168,250.00. Following the transaction, the director now directly owns 695,601 shares of the company's stock, valued at approximately $6,156,068.85. The trade was a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ramaco Resources Price Performance

Shares of Ramaco Resources stock traded down $0.19 during trading hours on Friday, reaching $8.27. 145,220 shares of the company's stock were exchanged, compared to its average volume of 563,453. The business has a fifty day moving average of $9.50 and a two-hundred day moving average of $10.50. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $367.21 million, a P/E ratio of 12.72 and a beta of 1.17. 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 announced its quarterly earnings data on Monday, March 10th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.36). The business had revenue of $170.90 million for 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 firm's revenue was down 15.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 EPS. As a group, research analysts predict that Ramaco Resources, Inc. will post 0.05 earnings per share for the current fiscal year.

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Ramaco Resources Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on METC shares. Jefferies Financial Group reduced their price objective on shares of Ramaco Resources from $19.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Benchmark reaffirmed a "buy" rating on shares of Ramaco Resources in a research note on Wednesday, March 12th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of METC. Wellington Management Group LLP acquired a new stake in Ramaco Resources during the third quarter worth about $22,127,000. Dimensional Fund Advisors LP grew its stake in shares of Ramaco Resources by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,745,409 shares of the energy company's stock valued at $17,907,000 after buying an additional 142,423 shares during the period. Discovery Capital Management LLC CT acquired a new stake in shares of Ramaco Resources during the 4th quarter worth approximately $9,289,000. American Century Companies Inc. raised its position in shares of Ramaco Resources by 10.8% during the 4th quarter. American Century Companies Inc. now owns 870,957 shares of the energy company's stock valued at $8,936,000 after buying an additional 84,734 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Ramaco Resources by 39.0% in the fourth quarter. Wells Fargo & Company MN now owns 797,283 shares of the energy company's stock valued at $8,180,000 after acquiring an additional 223,682 shares during the last quarter. Hedge funds and other institutional investors own 74.49% of the company's stock.

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.