Ramaco Resources, Inc. (NASDAQ:METC) is Yorktown Energy Partners IX L.P.'s Largest Position

Yorktown Energy Partners IX L.P. reduced its stake in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 18.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,954,987 shares of the energy company's stock after selling 900,000 shares during the quarter. Ramaco Resources makes up approximately 79.1% of Yorktown Energy Partners IX L.P.'s investment portfolio, making the stock its largest position. Yorktown Energy Partners IX L.P. owned approximately 7.53% of Ramaco Resources worth $40,578,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Ramaco Resources by 97.3% during the third quarter. JPMorgan Chase & Co. now owns 68,520 shares of the energy company's stock valued at $802,000 after purchasing an additional 33,788 shares during the period. Principal Financial Group Inc. lifted its stake in Ramaco Resources by 11.0% in the fourth quarter. Principal Financial Group Inc. now owns 38,017 shares of the energy company's stock worth $390,000 after acquiring an additional 3,754 shares during the period. Proficio Capital Partners LLC purchased a new stake in Ramaco Resources in the fourth quarter worth about $224,000. New York State Common Retirement Fund lifted its stake in Ramaco Resources by 12.5% in the fourth quarter. New York State Common Retirement Fund now owns 17,988 shares of the energy company's stock worth $185,000 after acquiring an additional 2,000 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in Ramaco Resources by 13.9% in the fourth quarter. MetLife Investment Management LLC now owns 16,189 shares of the energy company's stock worth $166,000 after acquiring an additional 1,970 shares during the period. 74.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ramaco Resources

In other news, major shareholder Yorktown Xi Associates Llc sold 89,501 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $8.09, for a total transaction of $724,063.09. Following the transaction, the insider now owns 1,024,870 shares in the company, valued at $8,291,198.30. This represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $8.61, for a total transaction of $722,129.31. Following the transaction, the insider now owns 1,059,909 shares in the company, valued at approximately $9,125,816.49. This trade represents a 7.33% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 922,582 shares of company stock valued at $7,898,023. 36.20% of the stock is currently owned by insiders.

Ramaco Resources Stock Performance

METC stock opened at $9.15 on Tuesday. The firm has a market cap of $406.42 million, a price-to-earnings ratio of 14.08 and a beta of 1.28. The firm has a 50-day simple moving average of $9.00 and a two-hundred day simple moving average of $10.05. Ramaco Resources, Inc. has a one year low of $6.30 and a one year high of $15.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35.

Ramaco Resources (NASDAQ:METC - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The energy company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.10. The business had revenue of $115.61 million during the quarter, compared to analyst estimates of $137.10 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The company's quarterly revenue was down 22.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 earnings per share. On average, equities analysts forecast 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 will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.0688 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, May 30th. Ramaco Resources's payout ratio is -337.50%.

Analysts Set New Price Targets

A number of research firms recently weighed in on METC. B. Riley lowered their price objective on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Benchmark lowered their price objective 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 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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