Dynamic Technology Lab Private Ltd Buys Shares of 67,460 Ramaco Resources, Inc. $METC

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new position in Ramaco Resources, Inc., purchasing 67,460 shares valued at approximately $555,000.
• Ramaco Resources reported a loss of $0.29 earnings per share for the latest quarter, missing analysts' expectations, despite achieving revenues of $152.96 million.
• Analysts have varied price targets for Ramaco Resources stock, with Benchmark raising their target to $24.00 and Jefferies to $27.00, reflecting positive sentiment on the stock despite recent financial performance.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 67,460 shares of the energy company's stock, valued at approximately $555,000. Dynamic Technology Lab Private Ltd owned about 0.15% of Ramaco Resources at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. XTX Topco Ltd bought a new position in shares of Ramaco Resources in the first quarter worth approximately $111,000. Cetera Investment Advisers grew its holdings in shares of Ramaco Resources by 27.3% in the fourth quarter. Cetera Investment Advisers now owns 12,872 shares of the energy company's stock worth $132,000 after purchasing an additional 2,760 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Ramaco Resources by 59.4% in the first quarter. Exchange Traded Concepts LLC now owns 69,763 shares of the energy company's stock worth $574,000 after purchasing an additional 25,992 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Ramaco Resources by 3.5% in 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 worth $427,000 after purchasing an additional 1,425 shares during the last quarter. Finally, CenterBook Partners LP grew its holdings in shares of Ramaco Resources by 151.0% in the first quarter. CenterBook Partners LP now owns 1,678,594 shares of the energy company's stock worth $13,815,000 after purchasing an additional 1,009,782 shares during the last quarter. 74.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on METC shares. Benchmark restated a "buy" rating and issued a $24.00 target price (up previously from $14.00) on shares of Ramaco Resources in a report on Tuesday, August 5th. Wall Street Zen cut shares of Ramaco Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Jefferies Financial Group reiterated a "buy" rating and issued a $27.00 price target (up previously from $15.00) on shares of Ramaco Resources in a report on Wednesday, July 16th. Finally, Zacks Research upgraded shares of Ramaco Resources from a "strong sell" rating to a "hold" rating in a report on Friday, August 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.67.

Insider Transactions at Ramaco Resources

In related news, Director Peter A. Leidel sold 1,600,000 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $18.75, for a total value of $30,000,000.00. Following the transaction, the director owned 2,502,930 shares in the company, valued at $46,929,937.50. The trade was a 39.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 36.20% of the stock is currently owned by insiders.

Ramaco Resources Stock Down 1.6%

Shares of METC traded down $0.42 during trading hours on Tuesday, hitting $25.74. The company had a trading volume of 2,607,634 shares, compared to its average volume of 2,433,975. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -57.20 and a beta of 1.26. The firm has a fifty day moving average price of $22.82 and a 200-day moving average price of $14.18. Ramaco Resources, Inc. has a 52-week low of $6.30 and a 52-week high of $28.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.36.

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

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.