Ramaco Resources, Inc. (NASDAQ:METC) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its stake in Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 10.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 870,957 shares of the energy company's stock after purchasing an additional 84,734 shares during the quarter. American Century Companies Inc. owned about 1.66% of Ramaco Resources worth $8,936,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of METC. Pingora Partners LLC grew its stake in Ramaco Resources by 330.2% during the 3rd 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 last quarter. Point72 DIFC Ltd acquired a new stake in shares of Ramaco Resources during the third quarter worth about $45,000. AlphaQuest LLC purchased a new stake in Ramaco Resources in the fourth quarter valued at approximately $50,000. Campbell Capital Management Inc. acquired a new position in Ramaco Resources in the 4th quarter worth approximately $51,000. Finally, Jones Financial Companies Lllp purchased a new position in Ramaco Resources during the 4th quarter worth approximately $56,000. 74.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ramaco Resources

In other Ramaco Resources news, Director Peter A. Leidel sold 180,936 shares of Ramaco Resources stock in a transaction dated 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 transaction, the director now directly owns 708,001 shares of the company's stock, valued at $6,244,568.82. The trade was a 20.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Yorktown Xi Associates Llc sold 89,501 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 1,024,870 shares of the company's stock, valued at approximately $8,291,198.30. This trade represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 922,582 shares of company stock valued at $7,898,023 over the last ninety days. Insiders own 41.20% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Benchmark reaffirmed a "buy" rating on shares of Ramaco Resources in a report on Wednesday, March 12th. Jefferies Financial Group decreased their target price 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.

Ramaco Resources Stock Performance

NASDAQ METC traded down $0.16 during mid-day trading on Monday, reaching $6.68. 799,636 shares of the stock were exchanged, compared to its average volume of 575,223. The company has a market capitalization of $360.72 million, a P/E ratio of 10.28 and a beta of 1.14. Ramaco Resources, Inc. has a 1 year low of $6.31 and a 1 year high of $16.92. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35. The business's 50 day moving average is $9.22 and its 200-day moving average is $10.41.

Ramaco Resources (NASDAQ:METC - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $170.90 million during the quarter, compared to analyst estimates of $166.59 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. Ramaco Resources's revenue was down 15.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 EPS. On average, equities research analysts forecast that Ramaco Resources, Inc. will post 0.05 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 yield of 4.12%. Ramaco Resources's dividend payout ratio is presently 245.45%.

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.