Peter A. Leidel Sells 180,936 Shares of Ramaco Resources, Inc. (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter A. Leidel sold 180,936 shares of Ramaco Resources stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $8.82, for a total value of $1,595,855.52. Following the completion of the sale, the director now directly owns 708,001 shares in the company, valued at $6,244,568.82. This represents a 20.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ramaco Resources Price Performance

NASDAQ:METC opened at $8.36 on Thursday. Ramaco Resources, Inc. has a one year low of $8.09 and a one year high of $17.23. The stock has a market cap of $371.21 million, a PE ratio of 12.86 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 has a 50 day moving average price of $9.54 and a 200 day moving average price of $10.53.

Ramaco Resources (NASDAQ:METC) last issued its 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). The company had revenue of $170.90 million during 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 firm’s revenue was down 15.7% compared to the same quarter last year. During the same period last year, the business earned $0.24 earnings per share. Equities research analysts expect that Ramaco Resources, Inc. will post 0.05 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.0688 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.29%. Ramaco Resources’s dividend payout ratio (DPR) is presently 245.45%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Jefferies Financial Group lowered their target price on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Benchmark reissued a “buy” rating on shares of Ramaco Resources in a research note on Wednesday, March 12th.

Institutional Trading of Ramaco Resources

Hedge funds have recently made changes to their positions in the company. Pingora Partners LLC raised its position in shares of Ramaco Resources by 330.2% during the 3rd quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock valued at $43,000 after buying an additional 2,840 shares during the period. Point72 DIFC Ltd acquired a new stake in Ramaco Resources during the third quarter worth $45,000. AlphaQuest LLC purchased a new stake in Ramaco Resources in the fourth quarter valued at $50,000. Campbell Capital Management Inc. acquired a new position in shares of Ramaco Resources in the 4th quarter valued at $51,000. Finally, Jones Financial Companies Lllp purchased a new position in shares of Ramaco Resources during the 4th quarter worth $56,000. Hedge funds and other 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.