Yorktown Energy Partners IX L.P. Cuts Position in Ramaco Resources, Inc. (NASDAQ:METC)

Yorktown Energy Partners IX L.P. lowered its stake in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 13.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,854,987 shares of the energy company's stock after selling 754,453 shares during the quarter. Ramaco Resources makes up approximately 84.8% of Yorktown Energy Partners IX L.P.'s holdings, making the stock its largest position. Yorktown Energy Partners IX L.P. owned approximately 9.21% of Ramaco Resources worth $83,409,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in METC. Archer Investment Corp acquired a new position in shares of Ramaco Resources during the fourth quarter valued at $26,000. Global Retirement Partners LLC bought a new stake in shares of Ramaco Resources during the 4th quarter worth about $36,000. AJOVista LLC acquired a new stake in shares of Ramaco Resources in the 4th quarter worth approximately $69,000. Tower Research Capital LLC TRC boosted its holdings in shares of Ramaco Resources by 48,333.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,359 shares of the energy company's stock valued at $75,000 after acquiring an additional 4,350 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Ramaco Resources by 79.2% during the third 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. 74.49% of the stock is owned by institutional investors and hedge funds.

Ramaco Resources Price Performance

Shares of NASDAQ METC traded up $0.14 during trading on Tuesday, hitting $14.39. The company had a trading volume of 509,042 shares, compared to its average volume of 878,084. The company has a market cap of $636.90 million, a P/E ratio of 12.30 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 1.23. The business's 50-day moving average is $15.65 and its 200 day moving average is $17.01. Ramaco Resources, Inc. has a 52 week low of $7.26 and a 52 week high of $22.70.

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 17.19% and a net margin of 8.44%. The company had revenue of $202.73 million for the quarter, compared to analyst estimates of $182.60 million. Equities research analysts predict that Ramaco Resources, Inc. will post 1.31 earnings per share for the current fiscal year.

Ramaco Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be issued a $0.138 dividend. This represents a $0.55 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Friday, May 31st. Ramaco Resources's payout ratio is 47.01%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on METC. B. Riley cut their target price 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. Benchmark cut their price objective on Ramaco Resources from $24.00 to $20.00 and set a "buy" rating for the company in a report on Friday, May 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Ramaco Resources presently has an average rating of "Moderate Buy" and a consensus target price of $17.50.

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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