86,228 Shares in Ramaco Resources, Inc. (NASDAQ:METC) Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD purchased a new position in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 86,228 shares of the energy company's stock, valued at approximately $885,000. Price T Rowe Associates Inc. MD owned approximately 0.16% of Ramaco Resources at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Discovery Capital Management LLC CT purchased a new position in shares of Ramaco Resources in the 4th quarter worth approximately $9,289,000. CenterBook Partners LP bought a new stake in Ramaco Resources during the fourth quarter worth $6,862,000. Wells Fargo & Company MN boosted its position in Ramaco Resources by 39.0% in the fourth quarter. Wells Fargo & Company MN now owns 797,283 shares of the energy company's stock worth $8,180,000 after purchasing an additional 223,682 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Ramaco Resources by 42.1% in the 4th quarter. Bank of New York Mellon Corp now owns 524,009 shares of the energy company's stock valued at $5,376,000 after purchasing an additional 155,169 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Ramaco Resources by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,745,409 shares of the energy company's stock valued at $17,907,000 after purchasing an additional 142,423 shares during the period. Institutional investors own 74.49% of the company's stock.

Ramaco Resources Price Performance

METC stock traded up $0.01 during midday trading on Friday, reaching $9.12. The company had a trading volume of 96,647 shares, compared to its average volume of 606,357. The firm has a 50-day moving average price of $9.04 and a 200-day moving average price of $10.06. The company has a market capitalization of $404.78 million, a P/E ratio of 14.02 and a beta of 1.28. Ramaco Resources, Inc. has a 1 year low of $6.30 and a 1 year high of $15.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86.

Ramaco Resources (NASDAQ:METC - Get Free Report) last issued its earnings results on Monday, May 12th. The energy company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.10. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business had revenue of $115.61 million during the quarter, compared to analyst estimates of $137.10 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. Ramaco Resources's revenue for the quarter was down 22.0% on a year-over-year basis. On average, research analysts anticipate that Ramaco Resources, Inc. will post 0.05 earnings per share for the current fiscal year.

Ramaco Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.0688 dividend. This represents a $0.28 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Friday, May 30th. Ramaco Resources's dividend payout ratio (DPR) is currently 245.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. B. Riley cut their price target on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Benchmark dropped their target price on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday.

Insider Transactions at Ramaco Resources

In other Ramaco Resources news, major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $8.61, for a total value of $722,129.31. Following the completion of the sale, the insider now directly owns 1,059,909 shares in the company, valued at $9,125,816.49. This trade represents a 7.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Peter A. Leidel sold 245,000 shares of Ramaco Resources stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $8.85, for a total value of $2,168,250.00. Following the sale, the director now directly owns 695,601 shares in the company, valued at approximately $6,156,068.85. The trade was a 26.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 922,582 shares of company stock worth $7,898,023. 41.20% of the stock is currently owned by insiders.

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.