Dauntless Investment Group LLC Buys 5,320 Shares of Warrior Met Coal (NYSE:HCC)

Key Points

• Dauntless Investment Group LLC has increased its holdings in Warrior Met Coal by 47.5%, now owning 16,510 shares worth approximately $788,000, making the stock its 11th largest position.
• Warrior Met Coal reported a quarterly earnings per share (EPS) of ($0.16), missing estimates, with a year-over-year revenue decline of 40.4%.
• Multiple institutional investors have also increased their stakes in Warrior Met Coal, with a significant stake by Farther Finance Advisors LLC, raising their position by 5,565.4% in the first quarter.

Dauntless Investment Group LLC lifted its holdings in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 47.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,510 shares of the company's stock after purchasing an additional 5,320 shares during the period. Warrior Met Coal accounts for 0.9% of Dauntless Investment Group LLC's holdings, making the stock its 11th biggest holding. Dauntless Investment Group LLC's holdings in Warrior Met Coal were worth $788,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HCC. Quadrant Capital Group LLC lifted its holdings in Warrior Met Coal by 31.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock valued at $64,000 after buying an additional 279 shares during the period. Sterling Capital Management LLC lifted its holdings in Warrior Met Coal by 818.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,634 shares of the company's stock valued at $89,000 after buying an additional 1,456 shares during the period. Covestor Ltd lifted its holdings in Warrior Met Coal by 46.6% in the fourth quarter. Covestor Ltd now owns 2,287 shares of the company's stock valued at $124,000 after buying an additional 727 shares during the period. Farther Finance Advisors LLC lifted its holdings in Warrior Met Coal by 5,565.4% in the first quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company's stock valued at $142,000 after buying an additional 2,894 shares during the period. Finally, KBC Group NV lifted its holdings in Warrior Met Coal by 41.8% in the first quarter. KBC Group NV now owns 3,033 shares of the company's stock valued at $145,000 after buying an additional 894 shares during the period. Institutional investors and hedge funds own 92.28% of the company's stock.

Warrior Met Coal Stock Performance

Shares of HCC traded up $0.21 during mid-day trading on Friday, hitting $51.59. The stock had a trading volume of 542,984 shares, compared to its average volume of 991,677. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $75.15. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.14 and a quick ratio of 4.00. The business has a fifty day moving average price of $48.75 and a 200-day moving average price of $49.00. The firm has a market cap of $2.71 billion, a P/E ratio of 25.66 and a beta of 0.67.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.11). The business had revenue of $299.94 million for the quarter, compared to analysts' expectations of $296.39 million. Warrior Met Coal had a net margin of 7.98% and a return on equity of 5.41%. The business's quarterly revenue was down 40.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.63 earnings per share. On average, equities research analysts expect that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 8th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, August 8th. Warrior Met Coal's dividend payout ratio (DPR) is presently 15.92%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HCC shares. UBS Group decreased their price target on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. B. Riley decreased their price target on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd.

Warrior Met Coal Profile

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.