Insider Selling: Ramaco Resources, Inc. (NASDAQ:METC) Director Sells $2,168,250.00 in Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter A. Leidel sold 245,000 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 transaction of $2,168,250.00. Following the sale, the director now directly owns 695,601 shares of the company’s stock, valued at approximately $6,156,068.85. This trade represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ramaco Resources Stock Down 1.8 %

Shares of Ramaco Resources stock opened at $8.36 on Thursday. 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 1-year low of $8.09 and a 1-year high of $17.23. The business has a 50-day moving average of $9.54 and a 200-day moving average of $10.53. The company has a market capitalization of $371.21 million, a PE ratio of 12.86 and a beta of 1.17.

Ramaco Resources (NASDAQ:METC) last posted 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). The company 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 company’s revenue was down 15.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share. As a group, equities analysts forecast 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. Shareholders of record on Friday, May 30th will be issued a dividend of $0.0688 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.29%. Ramaco Resources’s dividend payout ratio (DPR) is 245.45%.

Hedge Funds Weigh In On Ramaco Resources

Institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Ramaco Resources by 3.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,656 shares of the energy company’s stock valued at $427,000 after acquiring an additional 1,425 shares during the period. WBI Investments LLC acquired a new stake in shares of Ramaco Resources in the fourth quarter valued at approximately $154,000. Westwood Holdings Group Inc. acquired a new position in shares of Ramaco Resources during the fourth quarter worth approximately $247,000. Wexford Capital LP acquired a new stake in Ramaco Resources in the 4th quarter valued at approximately $825,000. Finally, Trustees of Columbia University in the City of New York acquired a new position in Ramaco Resources during the 4th quarter worth $218,000. 74.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

METC has been the subject of a number of recent research reports. 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.

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.