21,225 Shares in Ramaco Resources, Inc. (NASDAQ:METC) Purchased by Trustees of Columbia University in the City of New York

Trustees of Columbia University in the City of New York purchased a new position in shares of Ramaco Resources, Inc. (NASDAQ:METC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,225 shares of the energy company’s stock, valued at approximately $218,000. Ramaco Resources comprises approximately 0.0% of Trustees of Columbia University in the City of New York’s investment portfolio, making the stock its 10th biggest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in METC. AlphaQuest LLC purchased a new position in Ramaco Resources in the fourth quarter valued at about $50,000. Campbell Capital Management Inc. purchased a new position in Ramaco Resources in the fourth quarter valued at about $51,000. Jones Financial Companies Lllp purchased a new position in Ramaco Resources in the fourth quarter valued at about $56,000. BNP Paribas Financial Markets bought a new stake in shares of Ramaco Resources in the fourth quarter valued at approximately $80,000. Finally, Royce & Associates LP purchased a new stake in shares of Ramaco Resources during the 4th quarter valued at approximately $94,000. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ramaco Resources

In other news, major shareholder Yorktown Xi Associates Llc sold 89,501 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $8.09, for a total value of $724,063.09. Following the completion of the sale, the insider now owns 1,024,870 shares of the company’s stock, valued at approximately $8,291,198.30. This represents a 8.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter A. Leidel sold 180,936 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $8.82, for a total transaction of $1,595,855.52. Following the completion of the sale, the director now directly owns 708,001 shares of the company’s stock, valued at $6,244,568.82. This trade represents a 20.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 922,582 shares of company stock valued at $7,898,023 in the last quarter. Insiders own 36.20% of the company’s stock.

Analysts Set New Price Targets

METC has been the topic of a number of recent research reports. Benchmark dropped their price target on shares of Ramaco Resources from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. B. Riley dropped their price target on shares of Ramaco Resources from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, April 11th.

Ramaco Resources Stock Performance

Ramaco Resources stock opened at $9.33 on Friday. The firm’s 50 day simple moving average is $8.99 and its 200 day simple moving average is $10.06. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $414.42 million, a PE ratio of 14.35 and a beta of 1.28. Ramaco Resources, Inc. has a 1-year low of $6.30 and a 1-year high of $15.49.

Ramaco Resources (NASDAQ:METC) last posted its earnings results on Monday, May 12th. The energy company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.10. The business had revenue of $115.61 million for the quarter, compared to analyst estimates of $137.10 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. Ramaco Resources’s revenue was down 22.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 EPS. As a group, analysts expect that Ramaco Resources, Inc. will post 0.05 earnings per share for the current fiscal year.

Ramaco Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.0688 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, May 30th. Ramaco Resources’s payout ratio is -337.50%.

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.