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

Ramaco Resources, Inc. (NASDAQ:METC) major shareholder Yorktown Energy Partners Xi, L sold 98,274 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $8.85, for a total transaction of $869,724.90. Following the completion of the sale, the insider now owns 1,052,404 shares of the company’s stock, valued at approximately $9,313,775.40. This trade represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases 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 Price Performance

Shares of METC opened at $8.51 on Wednesday. The firm has a market capitalization of $377.87 million, a PE ratio of 13.09 and a beta of 1.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86. The company’s fifty day moving average price is $9.56 and its 200-day moving average price is $10.54. Ramaco Resources, Inc. has a 1-year low of $8.17 and a 1-year high of $17.23.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings results on Monday, March 10th. The energy company reported $0.06 earnings per share 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 firm had revenue of $170.90 million for the quarter, compared to analysts’ expectations of $166.59 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was down 15.7% compared to the same quarter last year. On average, equities research analysts predict that Ramaco Resources, Inc. will post 0.05 EPS 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 issued a $0.0688 dividend. This represents a $0.28 annualized dividend and a yield of 3.23%. Ramaco Resources’s dividend payout ratio (DPR) is presently 245.45%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on METC shares. Benchmark reaffirmed a “buy” rating on shares of Ramaco Resources in a research report on Wednesday, March 12th. Jefferies Financial Group cut 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.

Institutional Trading of Ramaco Resources

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pingora Partners LLC increased its stake in shares of Ramaco Resources by 330.2% in the third quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock worth $43,000 after acquiring an additional 2,840 shares during the period. Point72 DIFC Ltd purchased a new stake in Ramaco Resources in the third quarter valued at $45,000. AlphaQuest LLC acquired a new stake in Ramaco Resources during the 4th quarter worth about $50,000. Campbell Capital Management Inc. acquired a new position in shares of Ramaco Resources in the 4th quarter valued at about $51,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of Ramaco Resources in the 4th quarter valued at about $56,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

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.