Olympiad Research LP Has $247,000 Stock Position in Ramaco Resources, Inc. (NASDAQ:METC)

Olympiad Research LP lessened its position in Ramaco Resources, Inc. (NASDAQ:METC) by 20.0% in the fourth quarter, HoldingsChannel reports. The fund owned 24,093 shares of the energy company’s stock after selling 6,011 shares during the quarter. Olympiad Research LP’s holdings in Ramaco Resources were worth $247,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Pingora Partners LLC grew 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 valued at $43,000 after purchasing an additional 2,840 shares during the period. Point72 DIFC Ltd bought a new position in shares of Ramaco Resources in the third quarter valued at $45,000. Prairiewood Capital LLC acquired a new position in shares of Ramaco Resources during the fourth quarter valued at about $103,000. HighTower Advisors LLC bought a new stake in shares of Ramaco Resources during the third quarter worth about $148,000. Finally, SG Americas Securities LLC raised its holdings in shares of Ramaco Resources by 68.8% in the 4th quarter. SG Americas Securities LLC now owns 16,076 shares of the energy company’s stock worth $165,000 after acquiring an additional 6,555 shares during the last quarter. Institutional investors own 74.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut their price target on 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 Price Performance

Shares of NASDAQ:METC opened at $9.75 on Monday. Ramaco Resources, Inc. has a 1-year low of $8.87 and a 1-year high of $20.70. The stock has a market cap of $512.17 million, a PE ratio of 15.00 and a beta of 1.16. The stock’s fifty day simple moving average is $9.95 and its two-hundred day simple moving average is $10.95. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23.

Ramaco Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a dividend yield of 5.64%. The ex-dividend date of this dividend is Friday, February 28th. Ramaco Resources’s dividend payout ratio is presently 84.62%.

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.