Empowered Funds LLC Has $1.24 Million Holdings in Ramaco Resources, Inc. (NASDAQ:METC)

Empowered Funds LLC lifted its stake in shares of Ramaco Resources, Inc. (NASDAQ:METC) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 120,887 shares of the energy company’s stock after buying an additional 5,870 shares during the quarter. Empowered Funds LLC owned about 0.23% of Ramaco Resources worth $1,240,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP acquired a new stake in Ramaco Resources in the third quarter worth $22,127,000. FMR LLC boosted its position in shares of Ramaco Resources by 5.3% during the 3rd quarter. FMR LLC now owns 371,885 shares of the energy company’s stock worth $4,351,000 after purchasing an additional 18,582 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of Ramaco Resources by 1.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 310,688 shares of the energy company’s stock valued at $3,635,000 after buying an additional 4,460 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Ramaco Resources by 231.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company’s stock valued at $3,070,000 after buying an additional 183,163 shares during the period. Finally, Arkfeld Wealth Strategies L.L.C. increased its position in Ramaco Resources by 0.8% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 232,755 shares of the energy company’s stock valued at $2,251,000 after buying an additional 1,748 shares in the last quarter. Institutional investors own 74.49% of the company’s stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut their price target on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, January 6th.

Ramaco Resources Stock Performance

METC opened at $10.07 on Monday. Ramaco Resources, Inc. has a 1-year low of $8.87 and a 1-year high of $20.70. The company has a market cap of $528.98 million, a price-to-earnings ratio of 15.49 and a beta of 1.16. The company’s fifty day moving average price is $10.20 and its two-hundred day moving average price is $11.03. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23.

Ramaco Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.1375 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.46%. Ramaco Resources’s dividend payout ratio is presently 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.