UNC Management Company Inc. Takes $109,000 Position in Ramaco Resources, Inc. (NASDAQ:METC)

UNC Management Company Inc. acquired a new position in Ramaco Resources, Inc. (NASDAQ:METC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,614 shares of the energy company’s stock, valued at approximately $109,000. Ramaco Resources accounts for 0.0% of UNC Management Company Inc.’s portfolio, making the stock its 4th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in METC. Dimensional Fund Advisors LP increased its position in shares of Ramaco Resources by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,745,409 shares of the energy company’s stock worth $17,907,000 after purchasing an additional 142,423 shares during the last quarter. Discovery Capital Management LLC CT purchased a new position in shares of Ramaco Resources during the 4th quarter worth approximately $9,289,000. American Century Companies Inc. increased its holdings in Ramaco Resources by 10.8% in the 4th 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. Wells Fargo & Company MN raised its position in Ramaco Resources by 39.0% in the fourth quarter. Wells Fargo & Company MN now owns 797,283 shares of the energy company’s stock valued at $8,180,000 after purchasing an additional 223,682 shares during the period. Finally, CenterBook Partners LP acquired a new position in Ramaco Resources during the fourth quarter worth $6,862,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

Ramaco Resources Price Performance

Shares of METC opened at $10.06 on Wednesday. The firm has a market capitalization of $543.24 million, a price-to-earnings ratio of 15.48 and a beta of 1.14. The firm’s fifty day simple moving average is $8.92 and its 200-day simple moving average is $10.14. Ramaco Resources, Inc. has a twelve month low of $6.30 and a twelve month high of $16.61. 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 (NASDAQ:METC) last announced its quarterly earnings results on Monday, March 10th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business had revenue of $170.90 million for the quarter, compared to analysts’ expectations of $166.59 million. During the same period last year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was down 15.7% on a year-over-year basis. Equities analysts forecast that Ramaco Resources, Inc. will post 0.05 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.0688 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.73%. Ramaco Resources’s payout ratio is 245.45%.

Insider Buying and Selling at Ramaco Resources

In related news, Director Peter A. Leidel sold 225,000 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $8.08, for a total transaction of $1,818,000.00. Following the completion of the sale, the director now directly owns 677,403 shares of the company’s stock, valued at $5,473,416.24. This trade represents a 24.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $8.61, for a total transaction of $722,129.31. Following the transaction, the insider now owns 1,059,909 shares of the company’s stock, valued at approximately $9,125,816.49. The trade was a 7.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 922,582 shares of company stock worth $7,898,023. 41.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on METC shares. B. Riley cut their price objective on Ramaco Resources from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Jefferies Financial Group reduced their price target on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Benchmark restated a “buy” rating on shares of Ramaco Resources in a report on Wednesday, March 12th.

Ramaco Resources 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.