10,000 Shares in Ramaco Resources, Inc. (NASDAQ:METC) Bought by Prairiewood Capital LLC

Prairiewood Capital LLC purchased a new stake in Ramaco Resources, Inc. (NASDAQ:METC) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 10,000 shares of the energy company’s stock, valued at approximately $103,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of METC. Wellington Management Group LLP acquired a new stake in Ramaco Resources in the 3rd quarter valued at about $22,127,000. Dimensional Fund Advisors LP raised its stake in Ramaco Resources by 21.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,380,601 shares of the energy company’s stock valued at $17,186,000 after buying an additional 245,924 shares during the period. American Century Companies Inc. lifted its position in shares of Ramaco Resources by 14.9% in the second quarter. American Century Companies Inc. now owns 694,615 shares of the energy company’s stock valued at $8,648,000 after buying an additional 90,014 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Ramaco Resources by 22.4% during the 2nd quarter. Millennium Management LLC now owns 435,007 shares of the energy company’s stock worth $5,416,000 after acquiring an additional 79,687 shares during the period. Finally, FMR LLC increased its holdings in shares of Ramaco Resources by 5.3% during the 3rd quarter. FMR LLC now owns 371,885 shares of the energy company’s stock worth $4,351,000 after acquiring an additional 18,582 shares during the last quarter. Institutional investors own 74.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group dropped their price target on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, January 6th.

Ramaco Resources Stock Up 3.7 %

Shares of METC opened at $9.58 on Tuesday. The firm has a market cap of $503.24 million, a P/E ratio of 14.74 and a beta of 1.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35. Ramaco Resources, Inc. has a 52 week low of $8.87 and a 52 week high of $20.70. The firm’s 50-day simple moving average is $11.21 and its 200 day simple moving average is $11.61.

Ramaco Resources (NASDAQ:METC) last posted its earnings results on Monday, November 4th. The energy company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $167.40 million during the quarter, compared to analyst estimates of $156.41 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. Ramaco Resources’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. On average, analysts forecast that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a yield of 5.74%. The ex-dividend date was Monday, December 2nd. Ramaco Resources’s payout ratio is 84.62%.

About Ramaco Resources

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.