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

Squarepoint Ops LLC reduced its position in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 49.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,766 shares of the energy company's stock after selling 57,414 shares during the quarter. Squarepoint Ops LLC owned about 0.11% of Ramaco Resources worth $613,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in Ramaco Resources by 11.0% during the 4th 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 in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Ramaco Resources during the 4th quarter worth $224,000. New York State Common Retirement Fund boosted its stake in shares of Ramaco Resources by 12.5% during the 4th 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 in the last quarter. Cetera Investment Advisers boosted its stake in shares of Ramaco Resources by 27.3% during the 4th quarter. Cetera Investment Advisers now owns 12,872 shares of the energy company's stock worth $132,000 after acquiring an additional 2,760 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of Ramaco Resources by 13.9% during the 4th 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 in the last quarter. 74.49% of the stock is owned by institutional investors.

Ramaco Resources Stock Down 0.6%

Shares of Ramaco Resources stock traded down $0.06 during midday trading on Friday, hitting $9.65. The company's stock had a trading volume of 320,839 shares, compared to its average volume of 619,656. The firm has a market capitalization of $527.89 million, a P/E ratio of 14.85 and a beta of 1.18. The stock has a 50-day simple moving average of $9.10 and a 200-day simple moving average of $9.79. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. Ramaco Resources, Inc. has a 1-year low of $6.24 and a 1-year high of $15.35.

Ramaco Resources (NASDAQ:METC - Get Free Report) last issued its earnings results on Monday, May 12th. The energy company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.10. The business had revenue of $115.61 million during 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%. Ramaco Resources's revenue was down 22.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. As a group, sell-side analysts expect that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.0688 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.28 annualized dividend and a dividend yield of 2.85%. Ramaco Resources's dividend payout ratio (DPR) is presently -337.50%.

Insider Transactions at Ramaco Resources

In related news, Director Peter A. Leidel sold 180,936 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $8.82, for a total transaction of $1,595,855.52. Following the completion of the sale, the director now directly owns 708,001 shares in the company, valued at approximately $6,244,568.82. This trade represents a 20.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the 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 sale, the insider now owns 1,059,909 shares of the company's stock, valued at approximately $9,125,816.49. This represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 922,582 shares of company stock valued at $7,898,023 over the last quarter. Company insiders own 36.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. B. Riley reduced their price objective on 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 reduced their price objective on Ramaco Resources from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Finally, Wall Street Zen lowered 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.