Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Ramaco Resources, Inc. (NASDAQ:METC)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Ramaco Resources, Inc. (NASDAQ:METC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in Ramaco Resources during the fourth quarter valued at approximately $80,000. Parkwood LLC bought a new position in shares of Ramaco Resources during the 4th quarter worth approximately $109,000. UNC Management Company Inc. acquired a new stake in Ramaco Resources in the 4th quarter valued at $109,000. Jump Financial LLC bought a new stake in Ramaco Resources in the fourth quarter valued at $111,000. Finally, Cetera Investment Advisers raised its stake in Ramaco Resources by 27.3% during the fourth 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. Institutional investors and hedge funds own 74.49% of the company's stock.

Ramaco Resources Price Performance

Ramaco Resources stock opened at $18.96 on Friday. The business's fifty day moving average is $14.16 and its two-hundred day moving average is $10.95. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.32. The firm has a market cap of $1.04 billion, a P/E ratio of -42.13 and a beta of 1.35. Ramaco Resources, Inc. has a 52 week low of $6.30 and a 52 week high of $24.75.

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

Ramaco Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.0688 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, May 30th. Ramaco Resources's dividend payout ratio is presently -350.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on METC shares. Jefferies Financial Group restated a "buy" rating and issued a $27.00 target price (up previously from $15.00) on shares of Ramaco Resources in a research note on Wednesday, July 16th. Wall Street Zen downgraded shares of Ramaco Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. B. Riley decreased their price objective 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, Benchmark dropped their price objective 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.

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.

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