Insider Selling: Ramaco Resources, Inc. (NASDAQ:METC) Director Sells 225,000 Shares of Stock

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report) Director Peter A. Leidel sold 225,000 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $8.08, for a total value of $1,818,000.00. Following the transaction, the director now owns 677,403 shares of the company's stock, valued at approximately $5,473,416.24. This trade represents a 24.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ramaco Resources Price Performance

Shares of METC stock traded down $0.04 during trading hours on Monday, hitting $8.12. The stock had a trading volume of 200,122 shares, compared to its average volume of 568,988. 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 stock has a market capitalization of $360.55 million, a price-to-earnings ratio of 12.52 and a beta of 1.17. Ramaco Resources, Inc. has a one year low of $7.89 and a one year high of $17.23. The stock's 50-day moving average price is $9.48 and its two-hundred day moving average price is $10.50.

Ramaco Resources (NASDAQ:METC - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.36). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The firm had revenue of $170.90 million during the quarter, compared to the consensus estimate of $166.59 million. During the same period in the previous year, the firm earned $0.24 EPS. The business's revenue was down 15.7% compared to the same quarter last year. Equities analysts forecast 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. Stockholders of record on Friday, May 30th will be issued a $0.0688 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.39%. Ramaco Resources's dividend payout ratio (DPR) is presently 245.45%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Pingora Partners LLC raised its position in 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 purchasing an additional 2,840 shares during the period. Point72 DIFC Ltd bought a new position in shares of Ramaco Resources during the 3rd quarter valued at approximately $45,000. AlphaQuest LLC purchased a new stake in Ramaco Resources during the 4th quarter valued at $50,000. Campbell Capital Management Inc. bought a new stake in Ramaco Resources in the fourth quarter worth $51,000. Finally, Jones Financial Companies Lllp purchased a new position in Ramaco Resources during the fourth quarter worth $56,000. Institutional investors own 74.49% of the company's stock.

Analyst Upgrades and Downgrades

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

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.