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

Yorktown Energy Partners IX L.P. trimmed its holdings in Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 18.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. 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 about 79.1% of Yorktown Energy Partners IX L.P.'s portfolio, making the stock its biggest position. Yorktown Energy Partners IX L.P. owned 7.53% of Ramaco Resources worth $40,578,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of METC. Discovery Capital Management LLC CT purchased a new stake in shares of Ramaco Resources in the fourth quarter worth approximately $9,289,000. CenterBook Partners LP bought a new position in Ramaco Resources in the fourth quarter worth approximately $6,862,000. Graham Capital Management L.P. bought a new position in Ramaco Resources in the fourth quarter worth approximately $3,588,000. Point72 Asset Management L.P. grew its stake 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 worth $7,146,000 after purchasing an additional 346,265 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake 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 worth $8,180,000 after purchasing an additional 223,682 shares in the last quarter. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

Ramaco Resources Stock Up 2.6%

NASDAQ METC traded up $0.23 during midday trading on Friday, hitting $9.07. 485,966 shares of the company traded hands, compared to its average volume of 608,992. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86. The company has a market cap of $496.17 million, a PE ratio of 13.95 and a beta of 1.28. The company's 50-day simple moving average is $8.96 and its 200-day simple moving average is $10.00. Ramaco Resources, Inc. has a 52 week low of $6.30 and a 52 week high of $15.49.

Ramaco Resources (NASDAQ:METC - Get Free Report) last announced its earnings results on Monday, May 12th. The energy company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.10. The business had revenue of $115.61 million for the quarter, compared to analysts' expectations of $137.10 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business's revenue for the quarter was down 22.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. As a group, equities research analysts forecast that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.28 annualized dividend and a yield of 3.03%. Ramaco Resources's dividend payout ratio (DPR) is presently -337.50%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on METC. Wall Street Zen cut Ramaco Resources from a "hold" rating to a "sell" rating in a research note on Thursday. B. Riley dropped their price objective on Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, Benchmark dropped their price objective on Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th.

Insider Buying and Selling at Ramaco Resources

In other news, major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $8.61, for a total value of $722,129.31. Following the completion of the sale, the insider now owns 1,059,909 shares of the company's stock, valued at $9,125,816.49. This trade represents a 7.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter A. Leidel sold 180,936 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $8.82, for a total value of $1,595,855.52. Following the completion of the sale, the director now directly owns 708,001 shares of the company's stock, valued at $6,244,568.82. The trade was a 20.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 922,582 shares of company stock valued at $7,898,023. 36.20% of the stock is currently owned by corporate insiders.

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.