Dimensional Fund Advisors LP Has $17.91 Million Position in Ramaco Resources, Inc. (NASDAQ:METC)

Dimensional Fund Advisors LP grew its stake in Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 8.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,745,409 shares of the energy company's stock after purchasing an additional 142,423 shares during the period. Dimensional Fund Advisors LP owned about 3.32% of Ramaco Resources worth $17,907,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AlphaQuest LLC acquired a new stake in shares of Ramaco Resources during the 4th quarter valued at about $50,000. Campbell Capital Management Inc. acquired a new stake in Ramaco Resources during the fourth quarter valued at approximately $51,000. Jones Financial Companies Lllp bought a new stake in shares of Ramaco Resources in the 4th quarter valued at approximately $56,000. Royce & Associates LP acquired a new position in shares of Ramaco Resources in the 4th quarter worth approximately $94,000. Finally, Prairiewood Capital LLC bought a new position in shares of Ramaco Resources during the 4th quarter worth approximately $103,000. 74.49% of the stock is owned by institutional investors and hedge funds.

Ramaco Resources Trading Down 1.3 %

Shares of METC traded down $0.12 on Friday, reaching $9.01. 762,280 shares of the company's stock were exchanged, compared to its average volume of 600,304. The business has a 50 day moving average price of $8.99 and a two-hundred day moving average price of $10.09. Ramaco Resources, Inc. has a 12 month low of $6.30 and a 12 month high of $15.49. The stock has a market capitalization of $400.12 million, a P/E ratio of 13.86 and a beta of 1.28. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23.

Ramaco Resources (NASDAQ:METC - Get Free Report) last issued its earnings results on Monday, March 10th. The energy company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.36). Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The business had revenue of $170.90 million for the quarter, compared to the consensus estimate of $166.59 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The business's revenue was down 15.7% on a year-over-year basis. Research analysts anticipate that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.0688 dividend. This represents a $0.28 annualized dividend and a yield of 3.05%. The ex-dividend date is Friday, May 30th. Ramaco Resources's payout ratio is 245.45%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on METC shares. B. Riley lowered their price target on Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Benchmark reiterated a "buy" rating on shares of Ramaco Resources in a research report on Wednesday, March 12th.

Insiders Place Their Bets

In related news, Director Peter A. Leidel sold 225,000 shares of Ramaco Resources stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $8.08, for a total transaction of $1,818,000.00. Following the transaction, the director now owns 677,403 shares of the company's stock, valued at $5,473,416.24. This trade represents a 24.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Yorktown Xi Associates Llc sold 89,501 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $8.09, for a total transaction of $724,063.09. Following the completion of the sale, the insider now directly owns 1,024,870 shares of the company's stock, valued at $8,291,198.30. The trade was a 8.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 922,582 shares of company stock worth $7,898,023. Insiders own 41.20% of the company's stock.

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.