47,487 Shares in Ramaco Resources, Inc. (NASDAQ:METC) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in Ramaco Resources, Inc. (NASDAQ:METC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 47,487 shares of the energy company's stock, valued at approximately $487,000. Raymond James Financial Inc. owned about 0.09% of Ramaco Resources at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Ramaco Resources by 369.7% during the 3rd quarter. Barclays PLC now owns 44,409 shares of the energy company's stock worth $519,000 after purchasing an additional 34,954 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Ramaco Resources by 97.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 68,520 shares of the energy company's stock worth $802,000 after acquiring an additional 33,788 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Ramaco Resources in the 4th quarter valued at $540,000. Prairiewood Capital LLC bought a new position in shares of Ramaco Resources during the 4th quarter valued at $103,000. Finally, SG Americas Securities LLC raised its position in Ramaco Resources by 68.8% in the 4th quarter. SG Americas Securities LLC now owns 16,076 shares of the energy company's stock worth $165,000 after purchasing an additional 6,555 shares during the period. 74.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ramaco Resources

In other Ramaco Resources news, major shareholder Yorktown Energy Partners Xi, L sold 98,274 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $8.85, for a total value of $869,724.90. Following the sale, the insider now owns 1,052,404 shares in the company, valued at $9,313,775.40. The trade was a 8.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Yorktown Xi Associates Llc sold 89,501 shares of the firm'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 value of $724,063.09. Following the transaction, the insider now owns 1,024,870 shares of the company's stock, valued at $8,291,198.30. This represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 922,582 shares of company stock valued at $7,898,023 over the last ninety days. 41.20% of the stock is currently owned by company insiders.

Ramaco Resources Stock Performance

NASDAQ:METC traded down $0.12 on Friday, hitting $9.01. The stock had a trading volume of 762,280 shares, compared to its average volume of 600,304. Ramaco Resources, Inc. has a 52-week low of $6.30 and a 52-week high of $15.49. The stock has a market cap of $400.12 million, a price-to-earnings ratio of 13.86 and a beta of 1.28. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. The business's 50-day simple moving average is $8.99 and its two-hundred day simple moving average is $10.09.

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

Ramaco Resources Cuts Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a yield of 3.05%. Ramaco Resources's payout ratio is presently 245.45%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on METC. Benchmark restated a "buy" rating on shares of Ramaco Resources in a report on Wednesday, March 12th. B. Riley reduced their price objective on Ramaco Resources from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, April 11th.

Ramaco Resources 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.