Victory Capital Management Inc. Has $1.05 Million Stock Holdings in Ramaco Resources, Inc. (NASDAQ:METC)

Victory Capital Management Inc. boosted its holdings in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 15.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,062 shares of the energy company's stock after purchasing an additional 17,121 shares during the period. Victory Capital Management Inc. owned about 0.24% of Ramaco Resources worth $1,046,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in METC. Acuitas Investments LLC increased its holdings in shares of Ramaco Resources by 103.8% during the first quarter. Acuitas Investments LLC now owns 309,957 shares of the energy company's stock worth $2,551,000 after buying an additional 157,860 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Ramaco Resources by 59.4% during the first quarter. Exchange Traded Concepts LLC now owns 69,763 shares of the energy company's stock worth $574,000 after buying an additional 25,992 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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. WBI Investments LLC acquired a new stake in shares of Ramaco Resources during the fourth quarter worth approximately $154,000. Finally, Westwood Holdings Group Inc. acquired a new stake in shares of Ramaco Resources during the fourth quarter worth approximately $247,000. Institutional investors own 74.49% of the company's stock.

Ramaco Resources Price Performance

Shares of Ramaco Resources stock traded down $1.39 during midday trading on Friday, reaching $18.96. The company had a trading volume of 3,925,829 shares, compared to its average volume of 3,621,268. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -42.13 and a beta of 1.35. The stock has a fifty day simple moving average of $14.16 and a 200 day simple moving average of $10.95. Ramaco Resources, Inc. has a 1-year low of $6.30 and a 1-year high of $24.75.

Ramaco Resources (NASDAQ:METC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The energy company reported ($0.29) earnings per share 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 company had revenue of $152.96 million during the quarter, compared to analyst estimates of $131.55 million. During the same period in the prior year, the business earned $0.08 EPS. The business's revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities research analysts forecast 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 was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.0688 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 30th. Ramaco Resources's payout ratio is currently -350.00%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a "buy" rating and set a $27.00 price objective (up previously from $15.00) on shares of Ramaco Resources in a report on Wednesday, July 16th. 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. Wall Street Zen lowered 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.

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.