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

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter A. Leidel sold 245,000 shares of the firm’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 transaction of $2,168,250.00. Following the sale, the director now owns 695,601 shares of the company’s stock, valued at approximately $6,156,068.85. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Ramaco Resources Stock Up 2.0 %

METC traded up $0.18 during midday trading on Monday, hitting $8.97. 1,000,017 shares of the company’s stock traded hands, compared to its average volume of 567,479. 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 company has a market cap of $398.29 million, a PE ratio of 13.80 and a beta of 1.17. The stock’s fifty day simple moving average is $9.56 and its 200-day simple moving average is $10.54. Ramaco Resources, Inc. has a one year low of $8.17 and a one year high of $17.23.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings results on Monday, March 10th. The energy company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). The business had revenue of $170.90 million for the quarter, compared to the consensus estimate 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 for the quarter was down 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 EPS. As a group, equities analysts anticipate that Ramaco Resources, Inc. will post 0.05 earnings per share 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. Stockholders of record on Friday, May 30th will be paid a dividend of $0.0688 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.07%. Ramaco Resources’s dividend payout ratio (DPR) is presently 245.45%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on METC. 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. Benchmark reiterated a “buy” rating on shares of Ramaco Resources in a report on Wednesday, March 12th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in METC. Wellington Management Group LLP bought a new stake in Ramaco Resources during the third quarter worth approximately $22,127,000. Dimensional Fund Advisors LP boosted its holdings in shares of Ramaco Resources by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,745,409 shares of the energy company’s stock worth $17,907,000 after buying an additional 142,423 shares during the period. Discovery Capital Management LLC CT bought a new stake in shares of Ramaco Resources during the 4th quarter worth $9,289,000. American Century Companies Inc. grew its stake in Ramaco Resources by 10.8% in 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 last quarter. Finally, Wells Fargo & Company MN raised its holdings in Ramaco Resources by 39.0% in the 4th quarter. Wells Fargo & Company MN now owns 797,283 shares of the energy company’s stock worth $8,180,000 after acquiring an additional 223,682 shares during the period. 74.49% of the stock is owned by institutional investors.

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.