Ramaco Resources, Inc. $METCB Position Lowered by Yorktown Energy Partners IX L.P.

Key Points

• Yorktown Energy Partners IX L.P. has reduced its stake in Ramaco Resources by 6.2%, now holding over 1 million shares, which is approximately 19.5% of its total portfolio.
• Ramaco Resources announced a quarterly dividend increase to $0.1918, yielding 5.1%, up from the previous dividend of $0.18, with a dividend payout ratio currently at -167.39%.
• The company reported a negative earnings per share (EPS) of ($0.29) for the last quarter, with a total revenue of $152.96 million.

Yorktown Energy Partners IX L.P. lowered its stake in Ramaco Resources, Inc. (NASDAQ:METCB - Free Report) by 6.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,015,775 shares of the company's stock after selling 67,557 shares during the quarter. Ramaco Resources accounts for 19.5% of Yorktown Energy Partners IX L.P.'s portfolio, making the stock its 2nd biggest position. Yorktown Energy Partners IX L.P. owned 1.88% of Ramaco Resources worth $7,222,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Encompass Capital Advisors LLC bought a new position in shares of Ramaco Resources during the first quarter valued at approximately $166,000. First Manhattan CO. LLC. grew its stake in Ramaco Resources by 2.9% in the first quarter. First Manhattan CO. LLC. now owns 257,093 shares of the company's stock worth $1,828,000 after purchasing an additional 7,181 shares during the period. Wellington Management Group LLP grew its stake in Ramaco Resources by 145.3% in the first quarter. Wellington Management Group LLP now owns 36,176 shares of the company's stock worth $257,000 after purchasing an additional 21,430 shares during the period. American Century Companies Inc. grew its stake in Ramaco Resources by 12.6% in the first quarter. American Century Companies Inc. now owns 196,657 shares of the company's stock worth $1,398,000 after purchasing an additional 21,956 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Ramaco Resources by 1,403.7% in the first quarter. Russell Investments Group Ltd. now owns 9,052 shares of the company's stock worth $64,000 after purchasing an additional 8,450 shares during the period. Institutional investors own 9.63% of the company's stock.

Ramaco Resources Stock Up 4.1%

METCB stock traded up $0.62 during midday trading on Friday, hitting $15.78. The stock had a trading volume of 43,542 shares, compared to its average volume of 87,773. The firm has a market cap of $871.53 million, a price-to-earnings ratio of -34.30 and a beta of 0.91. The business has a 50-day moving average of $14.40 and a two-hundred day moving average of $10.19. Ramaco Resources, Inc. has a 52-week low of $6.01 and a 52-week high of $20.81. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.36 and a quick ratio of 0.84.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.29) earnings per share for the quarter. The firm had revenue of $152.96 million during 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 business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a $0.1918 dividend. This is an increase from Ramaco Resources's previous quarterly dividend of $0.18. This represents a $0.77 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, September 5th. Ramaco Resources's payout ratio is currently -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.