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

Ramaco Resources, Inc. (NASDAQ:METC) major shareholder Yorktown Energy Partners Xi, L sold 98,274 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $8.85, for a total value of $869,724.90. Following the completion of the sale, the insider now directly owns 1,052,404 shares of the company’s stock, valued at $9,313,775.40. The trade was a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 Up 2.0 %

METC stock opened at $8.97 on Tuesday. The stock’s 50 day moving average is $9.56 and its 200-day moving average is $10.54. Ramaco Resources, Inc. has a twelve month low of $8.17 and a twelve month high of $17.23. The firm has a market capitalization of $398.29 million, a PE ratio of 13.80 and a beta of 1.17. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings data 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). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The firm had revenue of $170.90 million for the quarter, compared to analysts’ expectations of $166.59 million. During the same period in the prior year, the firm earned $0.24 earnings per share. Ramaco Resources’s revenue was down 15.7% compared to the same quarter last year. Sell-side analysts expect 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. Stockholders of record on Friday, May 30th will be paid a $0.0688 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.07%. Ramaco Resources’s payout ratio is presently 245.45%.

Analyst Ratings Changes

A number of brokerages recently issued reports on METC. Benchmark reiterated a “buy” rating on shares of Ramaco Resources in a report on Wednesday, March 12th. Jefferies Financial Group dropped 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 note on Monday, January 6th.

Institutional Trading of Ramaco Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Pingora Partners LLC grew its stake in Ramaco Resources by 330.2% in the 3rd quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock valued at $43,000 after purchasing an additional 2,840 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Ramaco Resources in the 3rd quarter worth about $45,000. AlphaQuest LLC bought a new position in Ramaco Resources during the fourth quarter valued at about $50,000. Campbell Capital Management Inc. purchased a new stake in Ramaco Resources during the fourth quarter worth about $51,000. Finally, Jones Financial Companies Lllp bought a new stake in Ramaco Resources in the fourth quarter worth about $56,000. 74.49% of the stock is owned by hedge funds and other 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.