XTX Topco Ltd Acquires Shares of 13,473 Ramaco Resources, Inc. $METC

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

Other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Ramaco Resources by 3.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,656 shares of the energy company's stock valued at $427,000 after acquiring an additional 1,425 shares during the period. Legal & General Group Plc grew its holdings in Ramaco Resources by 15.3% in the 4th quarter. Legal & General Group Plc now owns 13,752 shares of the energy company's stock valued at $141,000 after buying an additional 1,822 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Ramaco Resources by 13.9% in the 4th quarter. MetLife Investment Management LLC now owns 16,189 shares of the energy company's stock valued at $166,000 after buying an additional 1,970 shares during the last quarter. Cetera Investment Advisers increased its position in Ramaco Resources by 27.3% in the 4th quarter. Cetera Investment Advisers now owns 12,872 shares of the energy company's stock worth $132,000 after buying an additional 2,760 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Ramaco Resources by 8.6% during the fourth quarter. Barclays PLC now owns 48,217 shares of the energy company's stock worth $495,000 after buying an additional 3,808 shares during the last quarter. 74.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

METC has been the subject of several research analyst reports. Wall Street Zen cut shares of Ramaco Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Jefferies Financial Group reissued a "buy" rating and set a $27.00 target price (up from $15.00) on shares of Ramaco Resources in a research report on Wednesday, July 16th. Finally, Benchmark reaffirmed a "buy" rating and issued a $24.00 price target (up previously from $14.00) on shares of Ramaco Resources in a report on Tuesday, August 5th.

Insider Transactions at Ramaco Resources

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

Ramaco Resources Price Performance

Shares of NASDAQ:METC traded down $0.94 during midday trading on Tuesday, reaching $21.70. 882,709 shares of the company's stock were exchanged, compared to its average volume of 1,495,218. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.36. The company's 50 day simple moving average is $17.23 and its two-hundred day simple moving average is $12.02. Ramaco Resources, Inc. has a 12 month low of $6.30 and a 12 month high of $27.31. The firm has a market capitalization of $1.20 billion, a PE ratio of -48.12 and a beta of 1.35.

Ramaco Resources (NASDAQ:METC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The energy company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.07). Ramaco Resources had a negative net margin of 3.17% and a negative return on equity of 5.55%. The company had revenue of $152.96 million for the quarter, compared to analyst estimates of $131.55 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research 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 disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.0688 per share. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, May 30th. Ramaco Resources's dividend payout ratio is currently -60.00%.

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.