Russell Investments Group Ltd. Sells 8,683 Shares of Ramaco Resources, Inc. (NASDAQ:METC)

Russell Investments Group Ltd. decreased its stake in shares of Ramaco Resources, Inc. (NASDAQ:METC) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,075 shares of the energy company’s stock after selling 8,683 shares during the period. Russell Investments Group Ltd.’s holdings in Ramaco Resources were worth $1,129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in METC. AlphaQuest LLC acquired a new position in Ramaco Resources during the 4th quarter worth approximately $50,000. Campbell Capital Management Inc. acquired a new stake in Ramaco Resources in the 4th quarter valued at $51,000. Jones Financial Companies Lllp acquired a new stake in Ramaco Resources in the 4th quarter valued at $56,000. Royce & Associates LP bought a new stake in Ramaco Resources during the 4th quarter worth about $94,000. Finally, Prairiewood Capital LLC acquired a new position in shares of Ramaco Resources during the 4th quarter worth about $103,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ramaco Resources

In other news, major shareholder Yorktown Energy Partners Xi, L sold 98,274 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $8.85, for a total value of $869,724.90. Following the completion of the sale, the insider now owns 1,052,404 shares of the company’s stock, valued at approximately $9,313,775.40. The trade was a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Peter A. Leidel sold 180,936 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $8.82, for a total transaction of $1,595,855.52. Following the transaction, the director now directly owns 708,001 shares in the company, valued at approximately $6,244,568.82. This represents a 20.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 922,582 shares of company stock worth $7,898,023. Insiders own 41.20% of the company’s stock.

Analyst Ratings Changes

METC has been the topic of several analyst reports. Benchmark reiterated a “buy” rating on shares of Ramaco Resources in a report on Wednesday, March 12th. B. Riley dropped their price objective on Ramaco Resources from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Finally, Jefferies Financial Group decreased their target price on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, January 6th.

Ramaco Resources Trading Down 4.0 %

Ramaco Resources stock opened at $9.48 on Tuesday. The stock has a 50-day simple moving average of $8.94 and a 200 day simple moving average of $10.19. The stock has a market capitalization of $511.92 million, a P/E ratio of 14.58 and a beta of 1.14. 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 $6.30 and a 52 week high of $16.61.

Ramaco Resources (NASDAQ:METC) last issued 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). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business had revenue of $170.90 million for the quarter, compared to the consensus estimate of $166.59 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business’s revenue was down 15.7% compared to the same quarter last year. Analysts expect that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.0688 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.90%. Ramaco Resources’s payout ratio is 245.45%.

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.