Russell Investments Group Ltd. Purchases New Position in Ramaco Resources, Inc. (NASDAQ:METC)

Russell Investments Group Ltd. bought a new stake in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 117,733 shares of the energy company's stock, valued at approximately $2,023,000. Russell Investments Group Ltd. owned about 0.22% of Ramaco Resources at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Semanteon Capital Management LP bought a new stake in shares of Ramaco Resources in the 4th quarter worth approximately $830,000. Brandywine Global Investment Management LLC purchased a new stake in Ramaco Resources during the third quarter valued at about $1,450,000. Jump Financial LLC acquired a new position in shares of Ramaco Resources in the third quarter worth about $397,000. Swiss National Bank increased its position in shares of Ramaco Resources by 9.3% in the third quarter. Swiss National Bank now owns 63,500 shares of the energy company's stock worth $698,000 after acquiring an additional 5,400 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Ramaco Resources during the fourth quarter valued at approximately $36,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

METC has been the subject of a number of research analyst reports. Benchmark reduced their target price on Ramaco Resources from $24.00 to $20.00 and set a "buy" rating for the company in a report on Friday, May 10th. B. Riley decreased their price objective on Ramaco Resources from $24.00 to $22.00 and set a "buy" rating for the company in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.50.

Ramaco Resources Stock Up 0.3 %

Ramaco Resources stock traded up $0.04 during mid-day trading on Thursday, hitting $13.04. 557,536 shares of the company's stock were exchanged, compared to its average volume of 888,657. The stock has a market cap of $577.15 million, a P/E ratio of 11.15 and a beta of 1.15. The stock has a 50 day moving average of $15.96 and a two-hundred day moving average of $16.90. Ramaco Resources, Inc. has a 1-year low of $7.26 and a 1-year high of $22.70. The company has a current ratio of 1.23, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

Ramaco Resources (NASDAQ:METC - Get Free Report) last announced its earnings results on Thursday, March 7th. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.07). Ramaco Resources had a return on equity of 16.59% and a net margin of 8.14%. The company had revenue of $202.73 million for the quarter, compared to the consensus estimate of $182.60 million. As a group, analysts anticipate that Ramaco Resources, Inc. will post 1.5 EPS for the current fiscal year.

Ramaco Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be issued a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Friday, May 31st. Ramaco Resources's dividend payout ratio (DPR) is 47.01%.

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.