Royce & Associates LP Takes $94,000 Position in Ramaco Resources, Inc. (NASDAQ:METC)

Royce & Associates LP acquired a new position in Ramaco Resources, Inc. (NASDAQ:METC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 9,178 shares of the energy company’s stock, valued at approximately $94,000.

Other large investors also recently bought and sold shares of the company. Harbour Capital Advisors LLC bought a new stake in Ramaco Resources in the 4th quarter worth about $540,000. Dynamic Technology Lab Private Ltd increased its holdings in Ramaco Resources by 190.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 89,958 shares of the energy company’s stock worth $1,053,000 after buying an additional 58,980 shares in the last quarter. Barclays PLC increased its holdings in Ramaco Resources by 369.7% in the 3rd quarter. Barclays PLC now owns 44,409 shares of the energy company’s stock worth $519,000 after buying an additional 34,954 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Ramaco Resources by 97.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 68,520 shares of the energy company’s stock worth $802,000 after buying an additional 33,788 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Ramaco Resources by 231.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company’s stock worth $3,070,000 after buying an additional 183,163 shares in the last quarter. 74.49% of the stock is currently owned by institutional investors.

Ramaco Resources Trading Down 1.8 %

Shares of NASDAQ:METC opened at $8.79 on Friday. The stock has a market capitalization of $461.73 million, a price-to-earnings ratio of 13.52 and a beta of 1.17. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35. The stock’s 50-day simple moving average is $9.58 and its two-hundred day simple moving average is $10.55. Ramaco Resources, Inc. has a 52-week low of $8.17 and a 52-week high of $17.23.

Ramaco Resources (NASDAQ:METC) last announced its earnings results on Monday, March 10th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.36). The firm had revenue of $170.90 million during the quarter, compared to analysts’ expectations of $166.59 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share. Analysts expect that Ramaco Resources, Inc. will post 0.05 EPS for the current year.

Ramaco Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend yield of 3.13%. Ramaco Resources’s payout ratio is currently 500.00%.

Wall Street Analysts Forecast Growth

METC has been the subject of several research analyst reports. Benchmark reiterated a “buy” rating on shares of Ramaco Resources in a report on Wednesday, March 12th. Jefferies Financial Group dropped their target price on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, January 6th.

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.