Cubist Systematic Strategies LLC Has $266,000 Stock Holdings in Ramaco Resources, Inc. (NASDAQ:METC)

Cubist Systematic Strategies LLC trimmed its holdings in shares of Ramaco Resources, Inc. (NASDAQ:METC) by 92.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 21,344 shares of the energy company’s stock after selling 270,918 shares during the period. Cubist Systematic Strategies LLC’s holdings in Ramaco Resources were worth $266,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Arkfeld Wealth Strategies L.L.C. lifted its stake in Ramaco Resources by 226.1% during the first quarter. Arkfeld Wealth Strategies L.L.C. now owns 133,502 shares of the energy company’s stock worth $2,111,000 after purchasing an additional 92,567 shares during the period. American Century Companies Inc. raised its holdings in shares of Ramaco Resources by 14.9% in the 2nd quarter. American Century Companies Inc. now owns 694,615 shares of the energy company’s stock worth $8,648,000 after buying an additional 90,014 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Ramaco Resources by 8.9% during the 1st quarter. Vanguard Group Inc. now owns 1,591,146 shares of the energy company’s stock worth $26,795,000 after buying an additional 130,593 shares during the period. Victory Capital Management Inc. boosted its stake in Ramaco Resources by 442.0% in the 2nd quarter. Victory Capital Management Inc. now owns 108,390 shares of the energy company’s stock valued at $1,349,000 after buying an additional 88,392 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Ramaco Resources in the fourth quarter valued at $632,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on METC. B. Riley cut their price objective on Ramaco Resources from $19.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, September 17th. Benchmark reiterated a “buy” rating and set a $20.00 target price on shares of Ramaco Resources in a research report on Thursday, August 29th.

Ramaco Resources Stock Up 2.2 %

NASDAQ METC opened at $11.78 on Friday. The stock’s 50 day simple moving average is $11.51 and its 200 day simple moving average is $13.48. Ramaco Resources, Inc. has a one year low of $9.03 and a one year high of $22.70. The firm has a market cap of $521.42 million, a PE ratio of 10.07 and a beta of 1.05. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.33 and a quick ratio of 0.90.

Ramaco Resources (NASDAQ:METC) last announced its earnings results on Wednesday, August 7th. The energy company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.23. Ramaco Resources had a return on equity of 16.30% and a net margin of 7.95%. The company had revenue of $155.32 million for the quarter, compared to analysts’ expectations of $141.66 million. As a group, sell-side analysts forecast that Ramaco Resources, Inc. will post 1.44 earnings per share for the current fiscal year.

Ramaco Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend was Friday, August 30th. Ramaco Resources’s dividend payout ratio is currently 47.01%.

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.