Ramaco Resources (NASDAQ:METCB) Trading Down 7.3% - What's Next?

Key Points

• Ramaco Resources' stock has decreased by 7.3%, trading at $14.13, down from a previous close of $15.24 with 95,319 shares exchanged during the day.
• The company reported a loss of $0.20 EPS for the last quarter, despite generating revenue of $134.66 million.
• Ramaco has declared a quarterly dividend of $0.1811, indicating a dividend yield of 5.06%, although its payout ratio stands at -800.00%.
• Institutional investors hold about 9.63% of Ramaco's stock, with several hedge funds increasing their stakes recently.

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report)'s stock price traded down 7.3% during trading on Friday . The stock traded as low as $14.13 and last traded at $14.13. 95,319 shares were traded during mid-day trading, an increase of 1% from the average session volume of 94,556 shares. The stock had previously closed at $15.24.

Ramaco Resources Stock Performance

The company has a market cap of $747.26 million, a P/E ratio of -151.76 and a beta of 0.77. The stock has a 50 day moving average price of $9.25 and a 200 day moving average price of $8.74.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.20) EPS for the quarter. The company had revenue of $134.66 million for the quarter.

Ramaco Resources Dividend Announcement

The business 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 annualized dividend and a dividend yield of 5.30%. The ex-dividend date of this dividend was Friday, May 30th. Ramaco Resources's dividend payout ratio is currently -800.00%.

Hedge Funds Weigh In On Ramaco Resources

A number of institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. raised its stake in shares of Ramaco Resources by 1,403.7% in the first quarter. Russell Investments Group Ltd. now owns 9,052 shares of the company's stock valued at $64,000 after acquiring an additional 8,450 shares during the last quarter. Nuveen LLC bought a new stake in Ramaco Resources in the first quarter valued at approximately $79,000. Barclays PLC lifted its holdings in Ramaco Resources by 19.3% during the fourth quarter. Barclays PLC now owns 8,572 shares of the company's stock worth $85,000 after acquiring an additional 1,388 shares in the last quarter. XTX Topco Ltd bought a new stake in Ramaco Resources during the 1st quarter worth approximately $97,000. Finally, Discovery Capital Management LLC CT acquired a new stake in shares of Ramaco Resources during the fourth quarter worth $106,000. Institutional investors own 9.63% 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.