Ramaco Resources, Inc. (NASDAQ:METC) Shares Bought by Arkfeld Wealth Strategies L.L.C.

Arkfeld Wealth Strategies L.L.C. grew its position in Ramaco Resources, Inc. (NASDAQ:METC) by 23.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 231,007 shares of the energy company’s stock after acquiring an additional 43,272 shares during the quarter. Ramaco Resources comprises approximately 1.3% of Arkfeld Wealth Strategies L.L.C.’s portfolio, making the stock its 19th biggest position. Arkfeld Wealth Strategies L.L.C.’s holdings in Ramaco Resources were worth $2,721,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Innealta Capital LLC purchased a new stake in shares of Ramaco Resources in the second quarter valued at about $28,000. Allspring Global Investments Holdings LLC acquired a new position in Ramaco Resources during the first quarter worth about $93,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Ramaco Resources in the second quarter valued at about $94,000. Global Trust Asset Management LLC grew its position in shares of Ramaco Resources by 2,071.7% in the first quarter. Global Trust Asset Management LLC now owns 7,058 shares of the energy company’s stock valued at $119,000 after purchasing an additional 6,733 shares during the last quarter. Finally, Koss Olinger Consulting LLC purchased a new position in shares of Ramaco Resources during the 2nd quarter worth approximately $134,000. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on METC. B. Riley lowered their target price on Ramaco Resources from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, September 17th. Benchmark restated a “buy” rating and issued a $20.00 price objective on shares of Ramaco Resources in a research report on Thursday, August 29th.

Ramaco Resources Trading Up 0.1 %

METC stock traded up $0.01 during midday trading on Tuesday, hitting $11.10. The stock had a trading volume of 100,901 shares, compared to its average volume of 703,530. The company’s 50-day moving average price is $11.31 and its 200 day moving average price is $13.22. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.33 and a quick ratio of 0.90. The firm has a market cap of $491.32 million, a PE ratio of 9.48 and a beta of 1.05. Ramaco Resources, Inc. has a 12-month low of $9.03 and a 12-month high of $22.70.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings data on Wednesday, August 7th. The energy company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.23. The business had revenue of $155.32 million during the quarter, compared to the consensus estimate of $141.66 million. Ramaco Resources had a return on equity of 16.30% and a net margin of 7.95%. On average, equities research analysts predict that Ramaco Resources, Inc. will post 0.88 earnings per share for the current fiscal year.

Ramaco Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.138 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.97%. Ramaco Resources’s dividend payout ratio (DPR) is currently 47.01%.

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.