Ramaco Resources, Inc. $METCB Position Decreased by Yorktown Energy Partners X L.P.

Key Points

• Yorktown Energy Partners X L.P. reduced its stake in Ramaco Resources, Inc. by 6.2% in Q1, now holding 668,723 shares which account for 11.8% of its total portfolio.
• Ramaco Resources announced an increase in its quarterly dividend to $0.1918, reflecting a 4.7% dividend yield despite a negative payout ratio of -156.52%.
• The company reported $152.96 million in revenue for the last quarter, with a loss of ($0.29) EPS, and its shares were trading at $16.25.

Yorktown Energy Partners X L.P. lessened its position in Ramaco Resources, Inc. (NASDAQ:METCB - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 668,723 shares of the company's stock after selling 44,470 shares during the quarter. Ramaco Resources comprises 11.8% of Yorktown Energy Partners X L.P.'s holdings, making the stock its 3rd largest position. Yorktown Energy Partners X L.P. owned 1.24% of Ramaco Resources worth $4,755,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in METCB. JPMorgan Chase & Co. lifted its position in shares of Ramaco Resources by 87.6% in the fourth quarter. JPMorgan Chase & Co. now owns 17,413 shares of the company's stock valued at $172,000 after acquiring an additional 8,129 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Ramaco Resources by 620.7% in the fourth quarter. Wells Fargo & Company MN now owns 11,099 shares of the company's stock valued at $110,000 after purchasing an additional 9,559 shares during the last quarter. Barclays PLC increased its holdings in shares of Ramaco Resources by 19.3% in the fourth quarter. Barclays PLC now owns 8,572 shares of the company's stock valued at $85,000 after purchasing an additional 1,388 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 last quarter. Finally, State of Tennessee Department of Treasury increased its holdings in shares of Ramaco Resources by 39.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 24,458 shares of the company's stock valued at $242,000 after purchasing an additional 6,927 shares during the last quarter. Hedge funds and other institutional investors own 9.63% of the company's stock.

Ramaco Resources Price Performance

Shares of NASDAQ:METCB remained flat at $15.86 during midday trading on Thursday. The company had a trading volume of 15,384 shares, compared to its average volume of 106,401. Ramaco Resources, Inc. has a 12-month low of $6.01 and a 12-month high of $20.81. The company has a current ratio of 1.36, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $875.95 million, a PE ratio of -34.43 and a beta of 0.91. The firm's fifty day moving average is $13.31 and its 200-day moving average is $9.87.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last posted its 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 declared 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 is an increase from Ramaco Resources's previous quarterly dividend of $0.18. This represents a $0.77 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, September 5th. Ramaco Resources's dividend payout ratio (DPR) is -165.22%.

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.