16,421 Shares in Ramaco Resources, Inc. (NASDAQ:METC) Bought by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new position in Ramaco Resources, Inc. (NASDAQ:METC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,421 shares of the energy company’s stock, valued at approximately $168,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of Ramaco Resources in the third quarter valued at about $22,127,000. American Century Companies Inc. increased its position 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 worth $8,936,000 after buying an additional 84,734 shares during the period. Bank of New York Mellon Corp increased its position in Ramaco Resources by 42.1% in the 4th quarter. Bank of New York Mellon Corp now owns 524,009 shares of the energy company’s stock worth $5,376,000 after buying an additional 155,169 shares during the period. FMR LLC lifted its holdings in shares of Ramaco Resources by 5.3% during the third quarter. FMR LLC now owns 371,885 shares of the energy company’s stock worth $4,351,000 after buying an additional 18,582 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Ramaco Resources by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 265,367 shares of the energy company’s stock valued at $2,723,000 after acquiring an additional 3,013 shares during the period. Institutional investors and hedge funds own 74.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Benchmark reaffirmed a “buy” rating on shares of Ramaco Resources in a research 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 report on Monday, January 6th.

Ramaco Resources Price Performance

Shares of NASDAQ:METC opened at $8.16 on Friday. The firm has a market capitalization of $362.33 million, a PE ratio of 12.55 and a beta of 1.17. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. Ramaco Resources, Inc. has a 1-year low of $8.09 and a 1-year high of $17.23. The business’s 50 day moving average is $9.48 and its 200-day moving average is $10.50.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings results on Monday, March 10th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $166.59 million. During the same period last year, the firm earned $0.24 EPS. The company’s quarterly revenue was down 15.7% compared to the same quarter last year. Sell-side analysts predict that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

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

Insiders Place Their Bets

In other Ramaco Resources news, major shareholder Yorktown Energy Partners Xi, L sold 98,274 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $8.85, for a total value of $869,724.90. Following the sale, the insider now directly owns 1,052,404 shares in the company, valued at $9,313,775.40. This represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Peter A. Leidel sold 180,936 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $8.82, for a total value of $1,595,855.52. Following the transaction, the director now owns 708,001 shares of the company’s stock, valued at $6,244,568.82. This represents a 20.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 922,582 shares of company stock worth $7,898,023 over the last quarter. Company insiders own 41.20% of the company’s stock.

Ramaco Resources 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.