Semanteon Capital Management LP Takes $830,000 Position in Ramaco Resources, Inc. (NASDAQ:METC)

Semanteon Capital Management LP bought a new position in Ramaco Resources, Inc. (NASDAQ:METC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 48,312 shares of the energy company's stock, valued at approximately $830,000. Semanteon Capital Management LP owned about 0.09% of Ramaco Resources at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in METC. Denali Advisors LLC purchased a new position in Ramaco Resources in the 3rd quarter worth $413,000. Allspring Global Investments Holdings LLC grew its position in shares of Ramaco Resources by 79.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,432 shares of the energy company's stock valued at $82,000 after acquiring an additional 3,284 shares during the period. Principal Financial Group Inc. grew its position in shares of Ramaco Resources by 51.9% during the 3rd quarter. Principal Financial Group Inc. now owns 20,221 shares of the energy company's stock valued at $222,000 after acquiring an additional 6,906 shares during the period. Jump Financial LLC acquired a new stake in shares of Ramaco Resources during the 3rd quarter valued at about $397,000. Finally, Swiss National Bank grew its position in shares of Ramaco Resources by 9.3% during the 3rd quarter. Swiss National Bank now owns 63,500 shares of the energy company's stock valued at $698,000 after acquiring an additional 5,400 shares during the period. Hedge funds and other institutional investors own 74.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. B. Riley dropped their target price on Ramaco Resources from $25.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, April 15th. UBS Group started coverage on Ramaco Resources in a report on Tuesday, January 16th. They set a "neutral" rating and a $21.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.90.

Ramaco Resources Price Performance

Shares of Ramaco Resources stock traded up $0.07 on Friday, hitting $15.98. 412,912 shares of the company were exchanged, compared to its average volume of 917,201. The stock has a market capitalization of $707.27 million, a price-to-earnings ratio of 9.23 and a beta of 1.15. The company has a 50-day moving average price of $17.03 and a 200 day moving average price of $16.54. Ramaco Resources, Inc. has a 1-year low of $7.26 and a 1-year high of $22.70. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.10.

Ramaco Resources (NASDAQ:METC - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The energy company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.07). The firm had revenue of $202.73 million for the quarter, compared to analysts' expectations of $182.60 million. Ramaco Resources had a net margin of 11.87% and a return on equity of 24.28%. As a group, sell-side analysts predict that Ramaco Resources, Inc. will post 1.59 earnings per share for the current fiscal year.

Ramaco Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Thursday, February 29th. This is a positive change from Ramaco Resources's previous quarterly dividend of $0.13. Ramaco Resources's payout ratio is presently 31.61%.

Ramaco Resources Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.