Two Sigma Advisers LP Cuts Position in Ramaco Resources, Inc. (NASDAQ:METC)

Two Sigma Advisers LP trimmed its stake in Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 31.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 325,500 shares of the energy company's stock after selling 151,937 shares during the period. Two Sigma Advisers LP owned about 0.62% of Ramaco Resources worth $3,340,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AlphaQuest LLC acquired a new position in shares of Ramaco Resources in the fourth quarter valued at approximately $50,000. Campbell Capital Management Inc. acquired a new position in shares of Ramaco Resources in the fourth quarter valued at approximately $51,000. Jones Financial Companies Lllp acquired a new position in shares of Ramaco Resources in the fourth quarter valued at approximately $56,000. BNP Paribas Financial Markets acquired a new position in shares of Ramaco Resources in the fourth quarter valued at approximately $80,000. Finally, Royce & Associates LP acquired a new position in shares of Ramaco Resources in the fourth quarter valued at approximately $94,000. 74.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

METC has been the subject of several analyst reports. Benchmark lowered their price target on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Wall Street Zen cut shares of Ramaco Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, B. Riley lowered their price target on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating for the company in a report on Friday, April 11th.

Ramaco Resources Stock Down 2.9%

Shares of Ramaco Resources stock traded down $0.26 during trading hours on Friday, hitting $8.85. The company had a trading volume of 562,854 shares, compared to its average volume of 610,470. The company's 50-day moving average is $8.98 and its two-hundred day moving average is $9.89. Ramaco Resources, Inc. has a twelve month low of $6.30 and a twelve month high of $15.49. 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 $484.13 million, a P/E ratio of 13.62 and a beta of 1.28.

Ramaco Resources (NASDAQ:METC - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The energy company reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($0.29) by $0.10. The firm had revenue of $115.61 million during the quarter, compared to analysts' expectations of $137.10 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. Ramaco Resources's quarterly revenue was down 22.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. Analysts anticipate 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. Shareholders of record on Friday, May 30th will be given a dividend of $0.0688 per share. The ex-dividend date is Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a yield of 3.11%. Ramaco Resources's payout ratio is currently -337.50%.

Insiders Place Their Bets

In other Ramaco Resources news, Director Peter A. Leidel sold 180,936 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $8.82, for a total transaction of $1,595,855.52. Following the completion of the transaction, the director now owns 708,001 shares in the company, valued at approximately $6,244,568.82. This represents a 20.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 98,274 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $8.85, for a total transaction of $869,724.90. Following the transaction, the insider now owns 1,052,404 shares of the company's stock, valued at approximately $9,313,775.40. The trade was a 8.54% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 922,582 shares of company stock worth $7,898,023. 36.20% of the stock is owned by 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.