Encompass Capital Advisors LLC Invests $166,000 in Ramaco Resources, Inc. $METCB

Key Points

• Encompass Capital Advisors LLC invested approximately $166,000 in Ramaco Resources, acquiring 23,296 shares during the first quarter of the year.
• Ramaco Resources reported a quarterly loss of ($0.29) earnings per share, with a revenue of $152.96 million, and has a market capitalization of $875.95 million.
• The company will increase its dividend to $0.1918 per share, payable on September 19th, reflecting a 4.8% yield based on the increased payout.

Encompass Capital Advisors LLC bought a new position in shares of Ramaco Resources, Inc. (NASDAQ:METCB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,296 shares of the company's stock, valued at approximately $166,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of METCB. Comerica Bank boosted its holdings in Ramaco Resources by 271.3% in the fourth quarter. Comerica Bank now owns 73,197 shares of the company's stock valued at $723,000 after purchasing an additional 53,483 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Ramaco Resources by 48.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 76,718 shares of the company's stock valued at $758,000 after purchasing an additional 25,084 shares during the period. American Century Companies Inc. boosted its holdings in Ramaco Resources by 12.6% in the first quarter. American Century Companies Inc. now owns 196,657 shares of the company's stock valued at $1,398,000 after purchasing an additional 21,956 shares during the period. Wellington Management Group LLP boosted its holdings in Ramaco Resources by 145.3% in the first quarter. Wellington Management Group LLP now owns 36,176 shares of the company's stock valued at $257,000 after purchasing an additional 21,430 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Ramaco Resources during the 1st quarter worth about $97,000. 9.63% of the stock is currently owned by hedge funds and other institutional investors.

Ramaco Resources Stock Up 2.2%

NASDAQ METCB traded up $0.34 during trading on Tuesday, reaching $15.44. 51,549 shares of the company's stock were exchanged, compared to its average volume of 106,039. The stock has a market cap of $852.48 million, a P/E ratio of -33.55 and a beta of 0.90. 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 has a 50 day moving average price of $13.80 and a two-hundred day moving average price of $10.02. Ramaco Resources, Inc. has a 1 year low of $6.01 and a 1 year high of $20.81.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported ($0.29) earnings per share (EPS) for the quarter. The business had revenue of $152.96 million for the quarter. Ramaco Resources had a negative return on equity of 5.70% and a negative net margin of 3.17%.

Ramaco Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be given a dividend of $0.1918 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 5.0%. This is an increase from Ramaco Resources's previous quarterly dividend of $0.18. The ex-dividend date is Friday, September 5th. Ramaco Resources's payout ratio is presently -167.39%.

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.