Ramaco Resources, Inc. (NASDAQ:METC) Shares Sold by Acuitas Investments LLC

Acuitas Investments LLC reduced its stake in Ramaco Resources, Inc. (NASDAQ:METC) by 9.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,899 shares of the energy company’s stock after selling 17,687 shares during the period. Ramaco Resources accounts for approximately 1.4% of Acuitas Investments LLC’s holdings, making the stock its 25th biggest position. Acuitas Investments LLC owned approximately 0.32% of Ramaco Resources worth $2,885,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in METC. Brandywine Global Investment Management LLC acquired a new stake in Ramaco Resources during the third quarter valued at approximately $1,450,000. Arkfeld Wealth Strategies L.L.C. acquired a new stake in Ramaco Resources during the fourth quarter valued at approximately $703,000. Denali Advisors LLC acquired a new stake in Ramaco Resources during the third quarter valued at approximately $413,000. Jump Financial LLC acquired a new stake in Ramaco Resources during the third quarter valued at approximately $397,000. Finally, Cornercap Investment Counsel Inc. acquired a new stake in Ramaco Resources during the fourth quarter valued at approximately $436,000. 74.49% of the stock is owned by institutional investors and hedge funds.

Ramaco Resources Trading Up 4.8 %

Shares of METC stock traded up $0.70 during trading hours on Wednesday, reaching $15.39. 490,393 shares of the stock traded hands, compared to its average volume of 929,356. Ramaco Resources, Inc. has a 1-year low of $7.26 and a 1-year high of $22.70. The business has a fifty day moving average price of $17.13 and a 200 day moving average price of $16.55. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $681.16 million, a PE ratio of 8.67 and a beta of 1.15.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings results on Thursday, March 7th. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.07). Ramaco Resources had a net margin of 11.87% and a return on equity of 24.28%. The firm had revenue of $202.73 million for the quarter, compared to analyst estimates of $182.60 million. On average, equities research analysts forecast that Ramaco Resources, Inc. will post 1.59 EPS for the current year.

Ramaco Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.138 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.59%. This is a positive change from Ramaco Resources’s previous quarterly dividend of $0.13. Ramaco Resources’s payout ratio is currently 31.61%.

Analyst Ratings Changes

METC has been the subject of several recent research reports. B. Riley cut their target price on shares of Ramaco Resources from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, April 15th. UBS Group initiated coverage on shares of Ramaco Resources in a research note on Tuesday, January 16th. They set a “neutral” rating and a $21.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.90.

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.