Ramaco Resources, Inc. $METCB Shares Sold 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% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 668,723 shares of the company's stock after selling 44,470 shares during the period. Ramaco Resources comprises about 11.8% of Yorktown Energy Partners X L.P.'s portfolio, making the stock its 3rd largest holding. 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.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Comerica Bank boosted its holdings in shares of Ramaco Resources by 271.3% during the 4th quarter. Comerica Bank now owns 73,197 shares of the company's stock worth $723,000 after buying an additional 53,483 shares during the period. JPMorgan Chase & Co. boosted its holdings in Ramaco Resources by 87.6% in the 4th quarter. JPMorgan Chase & Co. now owns 17,413 shares of the company's stock valued at $172,000 after purchasing an additional 8,129 shares during the period. Bank of New York Mellon Corp boosted its holdings in Ramaco Resources by 7.8% in the 1st quarter. Bank of New York Mellon Corp now owns 25,628 shares of the company's stock valued at $182,000 after purchasing an additional 1,848 shares during the period. XTX Topco Ltd bought a new stake in Ramaco Resources in the 1st quarter valued at about $97,000. Finally, Bank of America Corp DE boosted its holdings in Ramaco Resources by 64.6% in the 4th quarter. Bank of America Corp DE now owns 12,516 shares of the company's stock valued at $124,000 after purchasing an additional 4,914 shares during the period. Institutional investors own 9.63% of the company's stock.

Ramaco Resources Stock Performance

NASDAQ METCB remained flat at $15.86 during trading on Wednesday. 84,027 shares of the company's stock were exchanged, compared to its average volume of 106,950. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.36 and a quick ratio of 0.84. The stock has a market cap of $875.95 million, a price-to-earnings ratio of -34.48 and a beta of 0.91. Ramaco Resources, Inc. has a 52-week low of $6.01 and a 52-week high of $20.81. The company has a 50 day moving average of $13.14 and a 200 day moving average of $9.83.

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

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 issued a dividend of $0.1918 per share. This is a boost from Ramaco Resources's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 4.8%. Ramaco Resources's payout ratio is currently -156.52%.

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.