30,104 Shares in Ramaco Resources, Inc. (NASDAQ:METC) Acquired by Olympiad Research LP

Olympiad Research LP purchased a new stake in Ramaco Resources, Inc. (NASDAQ:METC) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 30,104 shares of the energy company’s stock, valued at approximately $352,000.

Other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in Ramaco Resources in the 2nd quarter valued at $28,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Ramaco Resources during the 1st quarter worth $93,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ramaco Resources during the 2nd quarter worth $94,000. Koss Olinger Consulting LLC acquired a new stake in shares of Ramaco Resources during the 2nd quarter worth $134,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Ramaco Resources during the 2nd quarter worth $139,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

Ramaco Resources Stock Down 1.6 %

Shares of Ramaco Resources stock opened at $12.22 on Friday. The company has a fifty day moving average price of $10.74 and a 200 day moving average price of $12.59. The company has a current ratio of 1.33, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23. Ramaco Resources, Inc. has a twelve month low of $9.03 and a twelve month high of $22.70. The stock has a market cap of $534.38 million, a price-to-earnings ratio of 18.80 and a beta of 1.08.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings results on Monday, November 4th. The energy company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Ramaco Resources had a return on equity of 10.12% and a net margin of 5.35%. The business had revenue of $167.40 million for the quarter, compared to analysts’ expectations of $156.41 million. During the same period last year, the company posted $0.45 earnings per share. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. Equities research analysts forecast that Ramaco Resources, Inc. will post 0.88 earnings per share for the current fiscal year.

Ramaco Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.138 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.55 dividend on an annualized basis and a yield of 4.52%. Ramaco Resources’s payout ratio is currently 84.62%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. B. Riley dropped their price objective on Ramaco Resources from $19.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, September 17th. Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Ramaco Resources in a report on Thursday, August 29th.

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.