Ramaco Resources, Inc. (NASDAQ:METC) Major Shareholder Yorktown Energy Partners Xi, L Sells 98,274 Shares

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report) major shareholder Yorktown Energy Partners Xi, L sold 98,274 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $8.85, for a total transaction of $869,724.90. Following the completion of the transaction, the insider now directly owns 1,052,404 shares in the company, valued at approximately $9,313,775.40. This represents a 8.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Yorktown Energy Partners Xi, L also recently made the following trade(s):

• On Friday, March 21st, Yorktown Energy Partners Xi, L sold 83,871 shares of Ramaco Resources stock. The shares were sold at an average price of $8.61, for a total value of $722,129.31.

Ramaco Resources Stock Down 2.2 %

Shares of NASDAQ:METC traded down $0.19 during 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 market capitalization of $367.21 million, a PE ratio of 12.72 and a beta of 1.17. Ramaco Resources, Inc. has a fifty-two week low of $8.09 and a fifty-two week high of $17.23. 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 stock's 50-day moving average price is $9.50 and its two-hundred day moving average price is $10.50.

Remove Ads

Ramaco Resources (NASDAQ:METC - Get Free Report) last announced its 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 business 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%. The business's revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 earnings per share. As a group, sell-side analysts expect that Ramaco Resources, Inc. will post 0.05 EPS for the current year.

Ramaco Resources Cuts Dividend

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

Wall Street Analyst Weigh In

METC has been the subject of a number of analyst reports. Benchmark restated 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 note on Monday, January 6th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Pingora Partners LLC lifted its position in shares of Ramaco Resources by 330.2% during the third quarter. Pingora Partners LLC now owns 3,700 shares of the energy company's stock worth $43,000 after purchasing an additional 2,840 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in Ramaco Resources during the third quarter valued at approximately $45,000. AlphaQuest LLC bought a new position in Ramaco Resources during the 4th quarter worth approximately $50,000. Campbell Capital Management Inc. acquired a new position in shares of Ramaco Resources in the 4th quarter worth approximately $51,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of Ramaco Resources in the 4th quarter valued at approximately $56,000. 74.49% of the stock is owned by institutional investors and hedge funds.

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.