Ramaco Resources (NASDAQ:METCB) Stock Price Down 7.3% - Time to Sell?

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 share price traded down 7.3% on Friday . The stock traded as low as $14.13 and last traded at $14.13. 95,319 shares changed hands during 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 firm has a 50 day moving average price of $9.25 and a two-hundred day moving average price of $8.74.

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

Ramaco Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.1811 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.72 dividend on an annualized basis and a yield of 5.20%. Ramaco Resources's payout ratio is currently -800.00%.

Hedge Funds Weigh In On Ramaco Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of METCB. Comerica Bank raised its holdings in Ramaco Resources by 271.3% during the fourth quarter. Comerica Bank now owns 73,197 shares of the company's stock worth $723,000 after purchasing an additional 53,483 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Ramaco Resources by 20.6% in the fourth quarter. American Century Companies Inc. now owns 174,701 shares of the company's stock valued at $1,726,000 after buying an additional 29,811 shares in the last quarter. Dimensional Fund Advisors LP increased 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 valued at $758,000 after buying an additional 25,084 shares in the last quarter. Encompass Capital Advisors LLC purchased a new position in Ramaco Resources during the 1st quarter worth approximately $166,000. Finally, Wellington Management Group LLP grew its position in Ramaco Resources by 145.3% during the 1st quarter. Wellington Management Group LLP now owns 36,176 shares of the company's stock worth $257,000 after purchasing an additional 21,430 shares in the last quarter. 9.63% of the stock is currently owned by institutional investors and hedge funds.

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.