Ramaco Resources, Inc. (NASDAQ:METC) Holdings Boosted by CenterBook Partners LP

CenterBook Partners LP raised its position in Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 151.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,678,594 shares of the energy company's stock after purchasing an additional 1,009,782 shares during the quarter. Ramaco Resources comprises approximately 0.9% of CenterBook Partners LP's investment portfolio, making the stock its 20th biggest holding. CenterBook Partners LP owned 3.78% of Ramaco Resources worth $13,815,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in METC. Discovery Capital Management LLC CT acquired a new position in shares of Ramaco Resources during the 4th quarter valued at about $9,289,000. Graham Capital Management L.P. bought a new stake in Ramaco Resources in the fourth quarter valued at about $3,588,000. Point72 Asset Management L.P. boosted its position in Ramaco Resources by 98.9% in the fourth quarter. Point72 Asset Management L.P. now owns 696,531 shares of the energy company's stock valued at $7,146,000 after buying an additional 346,265 shares in the last quarter. Pacer Advisors Inc. acquired a new position in Ramaco Resources in the first quarter valued at about $2,748,000. Finally, Wells Fargo & Company MN boosted its position in Ramaco Resources by 39.0% in the fourth quarter. Wells Fargo & Company MN now owns 797,283 shares of the energy company's stock valued at $8,180,000 after buying an additional 223,682 shares in the last quarter. Institutional investors and hedge funds own 74.49% of the company's stock.

Ramaco Resources Stock Down 0.1%

Ramaco Resources stock opened at $16.62 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.33. Ramaco Resources, Inc. has a 12-month low of $6.24 and a 12-month high of $18.87. The firm's fifty day moving average is $10.56 and its 200 day moving average is $9.77. The company has a market capitalization of $909.11 million, a PE ratio of -207.75 and a beta of 1.30.

Ramaco Resources (NASDAQ:METC - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The energy company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.10. Ramaco Resources had a negative net margin of 0.05% and a negative return on equity of 0.08%. The business had revenue of $115.61 million for the quarter, compared to the consensus estimate of $137.10 million. During the same period in the prior year, the firm earned $0.23 earnings per share. The company's revenue was down 22.0% compared to the same quarter last year. As a group, sell-side analysts predict that Ramaco Resources, Inc. will post 0.05 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.0688 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, May 30th. Ramaco Resources's payout ratio is -350.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on METC. Wall Street Zen lowered shares of Ramaco Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. B. Riley cut their price objective on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Benchmark lowered their target price on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th.

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.

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