18,387 Shares in Ramaco Resources, Inc. (NASDAQ:METC) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new stake in shares of Ramaco Resources, Inc. (NASDAQ:METC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 18,387 shares of the energy company’s stock, valued at approximately $229,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Ramaco Resources by 8.9% during the first quarter. Vanguard Group Inc. now owns 1,591,146 shares of the energy company’s stock valued at $26,795,000 after acquiring an additional 130,593 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Ramaco Resources by 14.9% during the second quarter. American Century Companies Inc. now owns 694,615 shares of the energy company’s stock valued at $8,648,000 after purchasing an additional 90,014 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Ramaco Resources by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 383,422 shares of the energy company’s stock valued at $4,774,000 after purchasing an additional 18,393 shares during the period. Arkfeld Wealth Strategies L.L.C. boosted its stake in shares of Ramaco Resources by 40.6% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 187,735 shares of the energy company’s stock valued at $2,337,000 after purchasing an additional 54,233 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Ramaco Resources by 442.0% in the second quarter. Victory Capital Management Inc. now owns 108,390 shares of the energy company’s stock worth $1,349,000 after acquiring an additional 88,392 shares during the period. 74.49% of the stock is currently owned by institutional investors.

Ramaco Resources Trading Down 0.4 %

Ramaco Resources stock opened at $9.88 on Thursday. The business has a 50-day simple moving average of $12.26 and a two-hundred day simple moving average of $14.06. The company has a market cap of $437.32 million, a P/E ratio of 8.44 and a beta of 1.05. Ramaco Resources, Inc. has a 52-week low of $8.72 and a 52-week high of $22.70. The company has a quick ratio of 0.90, a current ratio of 1.33 and a debt-to-equity ratio of 0.23.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings data on Wednesday, August 7th. The energy company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.23. Ramaco Resources had a return on equity of 16.30% and a net margin of 7.95%. The firm had revenue of $155.32 million for the quarter, compared to analysts’ expectations of $141.66 million. Analysts predict that Ramaco Resources, Inc. will post 1.44 EPS for the current year.

Ramaco Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.138 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.55 dividend on an annualized basis and a yield of 5.59%. Ramaco Resources’s dividend payout ratio is presently 47.01%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Benchmark reissued a “buy” rating and set a $20.00 price objective on shares of Ramaco Resources in a research report on Thursday, August 29th. B. Riley reduced their price target on Ramaco Resources from $19.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ramaco Resources currently has an average rating of “Moderate Buy” and an average price target of $16.70.

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.