Insider Selling: Ramaco Resources, Inc. (NASDAQ:METC) Director Sells 225,000 Shares of Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter A. Leidel sold 225,000 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $8.08, for a total value of $1,818,000.00. Following the transaction, the director now owns 677,403 shares of the company’s stock, valued at $5,473,416.24. The trade was a 24.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Ramaco Resources Trading Up 1.2 %

NASDAQ METC opened at $8.46 on Friday. Ramaco Resources, Inc. has a one year low of $8.09 and a one year high of $17.23. 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 firm has a market cap of $375.65 million, a P/E ratio of 13.02 and a beta of 1.17. The stock’s 50-day moving average is $9.50 and its 200-day moving average is $10.50.

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 analyst estimates of $166.59 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business’s quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter last year, the business posted $0.24 earnings per share. Sell-side analysts anticipate that Ramaco Resources, Inc. will post 0.05 earnings per share 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. Investors of record on Friday, May 30th will be given a $0.0688 dividend. This represents a $0.28 annualized dividend and a yield of 3.25%. Ramaco Resources’s dividend payout ratio is currently 245.45%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on METC. 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 report on Monday, January 6th. Benchmark reissued a “buy” rating on shares of Ramaco Resources in a research report on Wednesday, March 12th.

Hedge Funds Weigh In On Ramaco Resources

A number of large investors have recently added to or reduced their stakes in METC. Pingora Partners LLC lifted its holdings 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 valued at $43,000 after purchasing an additional 2,840 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Ramaco Resources in the 3rd quarter valued at approximately $45,000. AlphaQuest LLC acquired a new stake in Ramaco Resources in the 4th quarter valued at approximately $50,000. Campbell Capital Management Inc. bought a new stake in Ramaco Resources in the 4th quarter valued at approximately $51,000. Finally, Jones Financial Companies Lllp acquired a new position in Ramaco Resources during the 4th quarter worth approximately $56,000. Institutional investors own 74.49% of the company’s stock.

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.