Ramaco Resources (NASDAQ:METCB) Shares Up 8.8% - Time to Buy?

Key Points

• Ramaco Resources, Inc. (NASDAQ:METCB) shares surged by 8.8% on Monday, trading at approximately $13.76, following a previous close of $12.64.
• The company reported a net loss of ($0.29) earnings per share for the last quarter, despite achieving $152.96 million in revenue during the same period.
• Ramaco Resources declared a quarterly dividend of $0.1811 per share, resulting in a 5.2% yield, although its dividend payout ratio stands at -156.52%.

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) shares were up 8.8% on Monday . The company traded as high as $13.89 and last traded at $13.76. Approximately 102,487 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 98,407 shares. The stock had previously closed at $12.64.

Ramaco Resources Trading Down 9.1%

The stock has a market capitalization of $714.93 million, a P/E ratio of -28.41 and a beta of 0.89. The stock's fifty day moving average price is $9.90 and its two-hundred day moving average price is $8.92.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.29) EPS for the quarter. Ramaco Resources had a negative net margin of 3.17% and a negative return on equity of 5.70%. The firm had revenue of $152.96 million for the quarter.

Ramaco Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.1811 per share. This represents a $0.72 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Friday, May 30th. Ramaco Resources's dividend payout ratio is currently -156.52%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. First Manhattan CO. LLC. increased its stake in Ramaco Resources by 2.9% during the 1st quarter. First Manhattan CO. LLC. now owns 257,093 shares of the company's stock valued at $1,828,000 after purchasing an additional 7,181 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Ramaco Resources by 12.6% in the first quarter. American Century Companies Inc. now owns 196,657 shares of the company's stock worth $1,398,000 after acquiring an additional 21,956 shares during the period. Acuitas Investments LLC boosted its holdings in shares of Ramaco Resources by 20.4% in the second quarter. Acuitas Investments LLC now owns 180,458 shares of the company's stock worth $1,476,000 after buying an additional 30,558 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Ramaco Resources by 11.0% in the second quarter. Wedge Capital Management L L P NC now owns 177,367 shares of the company's stock worth $1,451,000 after buying an additional 17,578 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Ramaco Resources by 48.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 76,718 shares of the company's stock worth $758,000 after buying an additional 25,084 shares during the last quarter. 9.63% of the stock is owned by hedge funds and other institutional investors.

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.