Charles Schwab Investment Management Inc. Acquires 183,163 Shares of Ramaco Resources, Inc. (NASDAQ:METC)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Ramaco Resources, Inc. (NASDAQ:METC) by 231.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 262,354 shares of the energy company’s stock after acquiring an additional 183,163 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.60% of Ramaco Resources worth $3,070,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in Ramaco Resources by 21.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,380,601 shares of the energy company’s stock worth $17,186,000 after purchasing an additional 245,924 shares in the last quarter. Marshall Wace LLP raised its stake in Ramaco Resources by 287.2% in the second quarter. Marshall Wace LLP now owns 125,565 shares of the energy company’s stock worth $1,563,000 after buying an additional 93,139 shares in the last quarter. American Century Companies Inc. raised its stake in Ramaco Resources by 14.9% in the second 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. Victory Capital Management Inc. grew its holdings in shares of Ramaco Resources by 442.0% during the 2nd 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. Finally, Millennium Management LLC grew its holdings in shares of Ramaco Resources by 22.4% during the 2nd quarter. Millennium Management LLC now owns 435,007 shares of the energy company’s stock worth $5,416,000 after acquiring an additional 79,687 shares during the period. Hedge funds and other institutional investors own 74.49% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on METC. B. Riley dropped their target price on shares of Ramaco Resources from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, September 17th. Benchmark reissued a “buy” rating and set a $20.00 price objective on shares of Ramaco Resources in a research note on Thursday, August 29th.

Ramaco Resources Trading Up 0.6 %

NASDAQ METC opened at $12.02 on Friday. Ramaco Resources, Inc. has a 12 month low of $9.03 and a 12 month high of $22.70. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $11.65 and its 200-day moving average price is $12.17. The stock has a market cap of $631.41 million, a P/E ratio of 18.49 and a beta of 1.14.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings results on Monday, November 4th. The energy company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The firm had revenue of $167.40 million for the quarter, compared to analysts’ expectations of $156.41 million. During the same quarter in the previous year, the company earned $0.45 EPS. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. As a group, equities analysts forecast that Ramaco Resources, Inc. will post 0.86 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Monday, December 2nd. Ramaco Resources’s payout ratio is currently 84.62%.

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.