Two Sigma Investments LP Has $1.25 Million Stake in Ramaco Resources, Inc. (NASDAQ:METC)

Two Sigma Investments LP decreased its stake in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 33.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,583 shares of the energy company's stock after selling 61,971 shares during the period. Two Sigma Investments LP owned 0.23% of Ramaco Resources worth $1,247,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its stake 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 worth $390,000 after acquiring an additional 3,754 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Ramaco Resources in the 4th quarter worth approximately $224,000. New York State Common Retirement Fund lifted its holdings in 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 buying an additional 2,000 shares in the last quarter. Cetera Investment Advisers lifted its holdings in 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 buying an additional 2,760 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in Ramaco Resources by 13.9% in the 4th quarter. MetLife Investment Management LLC now owns 16,189 shares of the energy company's stock valued at $166,000 after buying an additional 1,970 shares during the last quarter. Institutional investors own 74.49% of the company's stock.

Ramaco Resources Trading Down 0.6%

METC stock traded down $0.06 during midday trading on Friday, reaching $9.65. The company's stock had a trading volume of 320,839 shares, compared to its average volume of 618,693. The business's 50-day simple moving average is $9.07 and its 200-day simple moving average is $9.83. 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 52 week low of $6.24 and a 52 week high of $15.35. The stock has a market cap of $527.89 million, a PE ratio of 14.85 and a beta of 1.28.

Ramaco Resources (NASDAQ:METC - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The energy company reported ($0.19) earnings per share for the quarter, beating analysts' consensus estimates of ($0.29) by $0.10. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The company had revenue of $115.61 million for the quarter, compared to the consensus estimate of $137.10 million. During the same quarter in the prior year, the business posted $0.23 EPS. The firm's quarterly revenue was down 22.0% on a year-over-year basis. As a group, sell-side analysts expect that Ramaco Resources, Inc. will post 0.05 EPS 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 paid a $0.0688 dividend. This represents a $0.28 annualized dividend and a yield of 2.85%. The ex-dividend date is Friday, May 30th. Ramaco Resources's payout ratio is -337.50%.

Analyst Ratings Changes

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

Insider Buying and Selling at Ramaco Resources

In other news, Director Peter A. Leidel sold 245,000 shares of the business's stock in a transaction 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 completion of the transaction, the director now owns 695,601 shares of the company's stock, valued at $6,156,068.85. The trade was a 26.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 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 of the company's stock, valued at approximately $9,313,775.40. This represents a 8.54% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 922,582 shares of company stock valued at $7,898,023. 36.20% of the stock is currently owned by company 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.