Squarepoint Ops LLC Sells 57,414 Shares of Ramaco Resources, Inc. (NASDAQ:METC)

Squarepoint Ops LLC reduced its stake in Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 49.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,766 shares of the energy company's stock after selling 57,414 shares during the period. Squarepoint Ops LLC owned 0.11% of Ramaco Resources worth $613,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Ramaco Resources by 11.0% in the fourth quarter. Principal Financial Group Inc. now owns 38,017 shares of the energy company's stock valued at $390,000 after purchasing an additional 3,754 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Ramaco Resources in the fourth quarter valued at about $224,000. New York State Common Retirement Fund grew its stake in shares of 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 valued at $185,000 after acquiring an additional 2,000 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Ramaco Resources by 13.9% in the fourth quarter. MetLife Investment Management LLC now owns 16,189 shares of the energy company's stock valued at $166,000 after acquiring an additional 1,970 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Ramaco Resources by 27.3% in the fourth quarter. Cetera Investment Advisers now owns 12,872 shares of the energy company's stock valued at $132,000 after acquiring an additional 2,760 shares in the last quarter. 74.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Peter A. Leidel sold 245,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $8.85, for a total value of $2,168,250.00. Following the sale, the director now directly owns 695,601 shares in the company, valued at approximately $6,156,068.85. This trade represents a 26.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 98,274 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $8.85, for a total transaction of $869,724.90. Following the completion of the sale, the insider now owns 1,052,404 shares in the company, valued at approximately $9,313,775.40. The trade was a 8.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 922,582 shares of company stock valued at $7,898,023 over the last quarter. 36.20% of the stock is owned by company insiders.

Ramaco Resources Stock Performance

Shares of METC stock traded down $0.22 on Thursday, hitting $9.71. The company's stock had a trading volume of 695,639 shares, compared to its average volume of 618,991. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35. The stock's 50 day moving average is $9.04 and its 200-day moving average is $9.85. Ramaco Resources, Inc. has a fifty-two week low of $6.24 and a fifty-two week high of $15.35. The company has a market capitalization of $531.18 million, a PE ratio of 14.94 and a beta of 1.28.

Ramaco Resources (NASDAQ:METC - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The energy company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.10. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The business had revenue of $115.61 million during the quarter, compared to analysts' expectations of $137.10 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. Ramaco Resources's revenue was down 22.0% compared to the same quarter last year. Equities research analysts expect that Ramaco Resources, Inc. will post 0.05 earnings per share for the current fiscal year.

Ramaco Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 2.83%. Ramaco Resources's dividend payout ratio is -337.50%.

Wall Street Analyst Weigh In

METC has been the topic of several research reports. Benchmark decreased their price target on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. B. Riley decreased their price target on shares of 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, Wall Street Zen downgraded shares of Ramaco Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

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.