Insider Selling: Ramaco Resources, Inc. (NASDAQ:METC) Director Sells 180,936 Shares of Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter A. Leidel sold 180,936 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 708,001 shares of the company’s stock, valued at $6,244,568.82. The trade was a 20.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ramaco Resources Stock Up 2.0 %

Shares of NASDAQ METC opened at $8.97 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35. Ramaco Resources, Inc. has a 1 year low of $8.17 and a 1 year high of $17.23. The stock’s 50-day simple moving average is $9.56 and its 200-day simple moving average is $10.54. The firm has a market cap of $398.29 million, a price-to-earnings ratio of 13.80 and a beta of 1.17.

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 the consensus estimate of $0.42 by ($0.36). The business had revenue of $170.90 million for the quarter, compared to analysts’ expectations of $166.59 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. Ramaco Resources’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 firm earned $0.24 earnings per share. 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. Investors of record on Friday, May 30th will be issued a $0.0688 dividend. This represents a $0.28 annualized dividend and a yield of 3.07%. Ramaco Resources’s dividend payout ratio is presently 245.45%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Pingora Partners LLC raised its stake in shares of 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 in the last quarter. Point72 DIFC Ltd bought a new stake in Ramaco Resources in the third quarter valued at about $45,000. AlphaQuest LLC acquired a new stake in Ramaco Resources during the fourth quarter valued at approximately $50,000. Campbell Capital Management Inc. bought a new position in Ramaco Resources during the 4th quarter worth approximately $51,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of Ramaco Resources in the 4th quarter worth approximately $56,000. 74.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on METC. Benchmark reissued a “buy” rating on shares of Ramaco Resources in a research report on Wednesday, March 12th. Jefferies Financial Group reduced their target price 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.

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.