Universal Beteiligungs und Servicegesellschaft mbH Invests $806,000 in Ramaco Resources, Inc. (NASDAQ:METC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $806,000 in Ramaco Resources by purchasing 97,914 shares, amounting to about 0.22% ownership in the company.
• Ramaco Resources' stock has seen a recent decline, trading down 6.8% to $18.96, despite reporting a revenue of $152.96 million in the last quarter, which exceeded expectations.
• Several research firms have provided mixed ratings on Ramaco Resources, with Benchmark and B. Riley lowering their price targets to $14.00 while Jefferies raised theirs to $27.00.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 97,914 shares of the energy company's stock, valued at approximately $806,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.22% of Ramaco Resources as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Ramaco Resources by 3.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,656 shares of the energy company's stock worth $427,000 after buying an additional 1,425 shares in the last quarter. Legal & General Group Plc increased its position in Ramaco Resources by 15.3% during the fourth quarter. Legal & General Group Plc now owns 13,752 shares of the energy company's stock worth $141,000 after acquiring an additional 1,822 shares during the period. MetLife Investment Management LLC raised its stake 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 worth $166,000 after purchasing an additional 1,970 shares in the last quarter. Cetera Investment Advisers grew its position 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 purchasing an additional 2,760 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Ramaco Resources by 8.6% during the fourth quarter. Barclays PLC now owns 48,217 shares of the energy company's stock worth $495,000 after purchasing an additional 3,808 shares during the period. Institutional investors and hedge funds own 74.49% of the company's stock.

Analyst Upgrades and Downgrades

METC has been the topic of a number of recent research reports. Wall Street Zen lowered Ramaco Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. B. Riley decreased their price target on Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Benchmark upped their price objective on shares of Ramaco Resources from $14.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $27.00 target price (up from $15.00) on shares of Ramaco Resources in a report on Wednesday, July 16th.

Ramaco Resources Price Performance

Shares of METC stock traded up $1.09 during trading hours on Tuesday, reaching $22.89. The company's stock had a trading volume of 1,137,010 shares, compared to its average volume of 1,267,348. Ramaco Resources, Inc. has a fifty-two week low of $6.30 and a fifty-two week high of $24.75. The firm's 50 day simple moving average is $14.41 and its 200-day simple moving average is $11.06. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -50.67 and a beta of 1.35.

Ramaco Resources (NASDAQ:METC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The energy company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.07). The business had revenue of $152.96 million during the quarter, compared to analyst estimates of $131.55 million. Ramaco Resources had a negative net margin of 3.17% and a negative return on equity of 5.50%. The business's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the business earned $0.08 earnings per share. Sell-side analysts forecast that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.0688 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 30th. Ramaco Resources's dividend payout ratio is presently -62.22%.

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.