Proficio Capital Partners LLC Makes New $224,000 Investment in Ramaco Resources, Inc. (NASDAQ:METC)

Proficio Capital Partners LLC bought a new position in Ramaco Resources, Inc. (NASDAQ:METC) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,823 shares of the energy company’s stock, valued at approximately $224,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Arkfeld Wealth Strategies L.L.C. boosted its holdings in Ramaco Resources by 0.8% in the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 232,755 shares of the energy company’s stock worth $2,251,000 after acquiring an additional 1,748 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Ramaco Resources by 12.5% in the fourth quarter. New York State Common Retirement Fund now owns 17,988 shares of the energy company’s stock worth $185,000 after acquiring an additional 2,000 shares in the last quarter. Pingora Partners LLC boosted its holdings in Ramaco Resources by 330.2% in the third quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock worth $43,000 after acquiring an additional 2,840 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Ramaco Resources by 11.0% during the fourth quarter. Principal Financial Group Inc. now owns 38,017 shares of the energy company’s stock valued at $390,000 after purchasing an additional 3,754 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of Ramaco Resources during the third quarter valued at $45,000. 74.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered 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 Trading Up 38.3 %

Shares of NASDAQ:METC opened at $11.62 on Wednesday. The company has a market cap of $610.39 million, a P/E ratio of 17.88 and a beta of 1.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86. Ramaco Resources, Inc. has a 1 year low of $8.17 and a 1 year high of $19.20. The stock’s fifty day moving average price is $9.63 and its 200-day moving average price is $10.69.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings data on Monday, March 10th. The energy company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). The firm had revenue of $170.90 million for the quarter, compared to analysts’ expectations of $166.59 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The firm’s revenue was down 15.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 EPS. Sell-side analysts expect that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Friday, February 28th. Ramaco Resources’s dividend payout ratio (DPR) is presently 84.62%.

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.