Vanguard Group Inc. Reduces Stake in Ramaco Resources, Inc. (NASDAQ:METC)

Vanguard Group Inc. decreased its holdings in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,602,835 shares of the energy company's stock after selling 84,277 shares during the period. Vanguard Group Inc. owned 3.05% of Ramaco Resources worth $16,445,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. AlphaQuest LLC bought a new position in shares of Ramaco Resources during the fourth quarter valued at approximately $50,000. Campbell Capital Management Inc. bought a new position in Ramaco Resources in the 4th quarter worth $51,000. Jones Financial Companies Lllp purchased a new position in shares of Ramaco Resources in the 4th quarter valued at approximately $56,000. Royce & Associates LP purchased a new stake in Ramaco Resources in the fourth quarter worth $94,000. Finally, Prairiewood Capital LLC bought a new position in Ramaco Resources in the fourth quarter worth $103,000. Hedge funds and other institutional investors own 74.49% of the company's stock.

Insider Activity at Ramaco Resources

In other Ramaco Resources news, major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $8.61, for a total value of $722,129.31. Following the sale, the insider now owns 1,059,909 shares in the company, valued at $9,125,816.49. The trade was a 7.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter A. Leidel sold 180,936 shares of the firm'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 value of $1,595,855.52. Following the transaction, the director now owns 708,001 shares of the company's stock, valued at $6,244,568.82. This represents a 20.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 922,582 shares of company stock valued at $7,898,023. 41.20% of the stock is owned by company insiders.

Ramaco Resources Stock Performance

METC traded down $0.39 during trading on Monday, hitting $9.48. The company's stock had a trading volume of 1,157,049 shares, compared to its average volume of 601,002. Ramaco Resources, Inc. has a one year low of $6.30 and a one year high of $16.61. The business's 50 day simple moving average is $8.95 and its 200-day simple moving average is $10.21. 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 firm has a market cap of $511.92 million, a PE ratio of 14.58 and a beta of 1.14.

Ramaco Resources (NASDAQ:METC - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The energy company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.36). The firm 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%. Ramaco Resources's revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 EPS. As a group, sell-side analysts predict that Ramaco Resources, Inc. will post 0.05 EPS for the current fiscal year.

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 dividend yield of 2.90%. Ramaco Resources's dividend payout ratio is currently 245.45%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Benchmark reissued a "buy" rating on shares of Ramaco Resources in a research report on Wednesday, March 12th. 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. Finally, B. Riley lowered their price target on Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, April 11th.

Ramaco Resources 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.