13,473 Shares in Ramaco Resources, Inc. (NASDAQ:METC) Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd has acquired a new position in Ramaco Resources, purchasing 13,473 shares valued at approximately $111,000.
• Ramaco Resources recently reported a loss of ($0.29) EPS for the quarter, missing the consensus estimate, while revenue was $152.96 million, exceeding analyst expectations.
• Director Peter A. Leidel sold 1,600,000 shares of Ramaco stock, decreasing his position by 39% after the transaction valued at $30 million.

XTX Topco Ltd purchased a new position in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,473 shares of the energy company's stock, valued at approximately $111,000.

A number of other hedge funds have also recently added to or reduced their stakes in METC. Texas Yale Capital Corp. purchased a new position in shares of Ramaco Resources in the 1st quarter valued at approximately $144,000. Pacer Advisors Inc. purchased a new position in shares of Ramaco Resources in the 1st quarter valued at approximately $2,748,000. Readystate Asset Management LP purchased a new position in shares of Ramaco Resources in the 1st quarter valued at approximately $196,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Ramaco Resources in the 1st quarter valued at approximately $806,000. Finally, Victory Capital Management Inc. grew its stake in shares of Ramaco Resources by 15.6% in the 1st quarter. Victory Capital Management Inc. now owns 127,062 shares of the energy company's stock valued at $1,046,000 after purchasing an additional 17,121 shares during the last quarter. Hedge funds and other institutional investors own 74.49% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on METC. Benchmark reiterated a "buy" rating and issued a $24.00 target price (up from $14.00) on shares of Ramaco Resources in a research note on Tuesday, August 5th. Jefferies Financial Group reiterated a "buy" rating and issued a $27.00 target price (up from $15.00) on shares of Ramaco Resources in a research note on Wednesday, July 16th. Finally, Wall Street Zen downgraded Ramaco Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

Insider Activity at Ramaco Resources

In other news, Director Peter A. Leidel sold 1,600,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $18.75, for a total value of $30,000,000.00. Following the completion of the sale, the director directly owned 2,502,930 shares of the company's stock, valued at $46,929,937.50. This trade represents a 39.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 36.20% of the stock is owned by corporate insiders.

Ramaco Resources Stock Up 5.2%

METC opened at $26.95 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.36 and a quick ratio of 0.84. The business has a 50 day simple moving average of $16.70 and a 200-day simple moving average of $11.80. The stock has a market capitalization of $1.49 billion, a P/E ratio of -59.89 and a beta of 1.35. Ramaco Resources, Inc. has a 12 month low of $6.30 and a 12 month high of $27.31.

Ramaco Resources (NASDAQ:METC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The energy company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.07). The business had revenue of $152.96 million during the quarter, compared to analyst estimates of $131.55 million. Ramaco Resources had a negative net margin of 3.17% and a negative return on equity of 5.55%. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. On average, equities analysts anticipate that Ramaco Resources, Inc. will post 0.05 earnings per share for the current fiscal year.

Ramaco Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.0688 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 30th. Ramaco Resources's dividend payout ratio (DPR) is currently -62.22%.

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.

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