Insider Selling: Ramaco Resources, Inc. (NASDAQ:METC) Major Shareholder Sells 83,871 Shares of Stock

Ramaco Resources, Inc. (NASDAQ:METC) major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $8.61, for a total value of $722,129.31. Following the completion of the sale, the insider now owns 1,059,909 shares in the company, valued at approximately $9,125,816.49. This represents a 7.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 Monday, March 24th, Yorktown Energy Partners Xi, L sold 98,274 shares of Ramaco Resources stock. The shares were sold at an average price of $8.85, for a total value of $869,724.90.

Ramaco Resources Trading Up 2.0 %

METC stock opened at $8.97 on Tuesday. The business has a fifty day moving average price of $9.56 and a 200 day moving average price of $10.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86. Ramaco Resources, Inc. has a fifty-two week low of $8.17 and a fifty-two week high of $17.23. The stock has a market capitalization of $398.29 million, a price-to-earnings ratio of 13.80 and a beta of 1.17.

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

Ramaco Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 3.07%. Ramaco Resources’s payout ratio is 245.45%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Benchmark restated a “buy” rating on shares of Ramaco Resources in a research note on Wednesday, March 12th. Jefferies Financial Group cut their price target on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a report on Monday, January 6th.

Institutional Trading of Ramaco Resources

Several hedge funds have recently modified their holdings of the stock. Pingora Partners LLC raised its position in Ramaco Resources by 330.2% in the 3rd 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 during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Ramaco Resources in the 3rd quarter valued at $45,000. AlphaQuest LLC bought a new stake in shares of Ramaco Resources during the fourth quarter worth $50,000. Campbell Capital Management Inc. bought a new stake in shares of Ramaco Resources during the fourth quarter worth $51,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of Ramaco Resources during the fourth quarter valued at $56,000. 74.49% of the stock is owned by institutional investors.

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.