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 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 completion of the transaction, the director now directly owns 708,001 shares in the company, valued at $6,244,568.82. This trade represents a 20.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Ramaco Resources Stock Up 2.0 %

Shares of METC traded up $0.18 during midday trading on Monday, reaching $8.97. 1,000,017 shares of the company were exchanged, compared to its average volume of 567,479. Ramaco Resources, Inc. has a 1-year low of $8.17 and a 1-year high of $17.23. The stock has a 50-day moving average price of $9.56 and a 200-day moving average price of $10.54. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. The company 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 announced its earnings results on Monday, March 10th. The energy company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.36). The company had revenue of $170.90 million for the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $0.24 earnings per share. Research analysts expect that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.0688 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.07%. Ramaco Resources’s dividend payout ratio (DPR) is presently 245.45%.

Institutional Investors Weigh In On Ramaco Resources

A number of large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new position in Ramaco Resources in the 3rd quarter valued at about $22,127,000. Dimensional Fund Advisors LP lifted its stake in shares of Ramaco Resources by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,745,409 shares of the energy company’s stock worth $17,907,000 after acquiring an additional 142,423 shares in the last quarter. Discovery Capital Management LLC CT acquired a new position in shares of Ramaco Resources in the fourth quarter worth about $9,289,000. American Century Companies Inc. boosted its holdings in Ramaco Resources by 10.8% in the fourth quarter. American Century Companies Inc. now owns 870,957 shares of the energy company’s stock valued at $8,936,000 after purchasing an additional 84,734 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Ramaco Resources by 39.0% during the 4th quarter. Wells Fargo & Company MN now owns 797,283 shares of the energy company’s stock worth $8,180,000 after purchasing an additional 223,682 shares during the last quarter. 74.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

METC has been the topic of a number of research reports. Benchmark restated a “buy” rating on shares of Ramaco Resources in a report on Wednesday, March 12th. Jefferies Financial Group decreased their price objective on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company 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.