Ramaco Resources (NASDAQ:METCB) Shares Up 3.9% - Should You Buy?

Key Points

• Ramaco Resources' stock price increased by 3.9% to $14.38, with approximately 77,963 shares traded, significantly lower than the average daily volume.
• The company reported a loss of $0.29 per share for the last quarter, despite generating revenue of $152.96 million.
• Ramaco Resources announced a quarterly dividend of $0.1811, which reflects an annualized yield of 5.0%, despite a negative payout ratio of -156.52%.

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) shares were up 3.9% during mid-day trading on Tuesday . The company traded as high as $14.59 and last traded at $14.38. Approximately 77,963 shares were traded during trading, a decline of 78% from the average daily volume of 348,969 shares. The stock had previously closed at $13.84.

Ramaco Resources Stock Down 1.1%

The firm's fifty day simple moving average is $10.13 and its 200-day simple moving average is $8.99. The company has a market cap of $757.05 million, a PE ratio of -30.09 and a beta of 0.89.

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

Ramaco Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders 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 dividend yield of 5.2%. The ex-dividend date was Friday, May 30th. Ramaco Resources's dividend payout ratio is presently -156.52%.

Hedge Funds Weigh In On Ramaco Resources

A number of large investors have recently modified their holdings of METCB. Y Intercept Hong Kong Ltd purchased a new stake in shares of Ramaco Resources during the 2nd quarter valued at about $152,000. Acuitas Investments LLC grew its position in Ramaco Resources by 20.4% in the second quarter. Acuitas Investments LLC now owns 180,458 shares of the company's stock valued at $1,476,000 after acquiring an additional 30,558 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Ramaco Resources during the second quarter valued at approximately $153,000. Wedge Capital Management L L P NC lifted its position in shares of Ramaco Resources by 11.0% during 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 purchasing an additional 17,578 shares in the last quarter. Finally, Encompass Capital Advisors LLC purchased a new position in shares of Ramaco Resources in the first quarter valued at $166,000. 9.63% of the stock is currently 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.