Ramaco Resources, Inc. (NASDAQ:METC) Director Sells $1,818,000.00 in Stock

Ramaco Resources, Inc. (NASDAQ:METC) 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 $5,473,416.24. This represents a 24.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ramaco Resources Stock Down 3.5 %

METC opened at $8.16 on Friday. The stock’s 50 day moving average price is $9.48 and its 200 day moving average price is $10.50. 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 cap of $362.33 million, a P/E ratio of 12.55 and a beta of 1.17. Ramaco Resources, Inc. has a 12 month low of $8.09 and a 12 month high of $17.23.

Ramaco Resources (NASDAQ:METC) last issued its quarterly earnings results on Monday, March 10th. The energy company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The business had revenue of $170.90 million for the quarter, compared to analyst estimates of $166.59 million. During the same period last year, the business posted $0.24 earnings per share. Ramaco Resources’s revenue for the quarter was down 15.7% on a year-over-year basis. As a group, research analysts predict that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.0688 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.37%. Ramaco Resources’s dividend payout ratio (DPR) is 245.45%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on METC. Benchmark reiterated a “buy” rating on shares of Ramaco Resources in a research note on Wednesday, March 12th. Jefferies Financial Group cut their price objective on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, January 6th.

Institutional Inflows and Outflows

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

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.