Jones Financial Companies Lllp Makes New Investment in Ramaco Resources, Inc. (NASDAQ:METC)

Jones Financial Companies Lllp bought a new position in shares of Ramaco Resources, Inc. (NASDAQ:METC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,419 shares of the energy company’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Arkfeld Wealth Strategies L.L.C. boosted its stake 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 valued at $2,251,000 after acquiring an additional 1,748 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Ramaco Resources by 12.5% during the fourth quarter. New York State Common Retirement Fund now owns 17,988 shares of the energy company’s stock worth $185,000 after purchasing an additional 2,000 shares in the last quarter. Pingora Partners LLC grew its position in Ramaco Resources by 330.2% during the third quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock worth $43,000 after buying an additional 2,840 shares during the period. Principal Financial Group Inc. grew its position in Ramaco Resources by 11.0% during the fourth quarter. Principal Financial Group Inc. now owns 38,017 shares of the energy company’s stock worth $390,000 after buying an additional 3,754 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in Ramaco Resources during the third quarter worth about $45,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on METC. Jefferies Financial Group lowered their price target on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Benchmark restated a “buy” rating on shares of Ramaco Resources in a research report on Wednesday, March 12th.

Ramaco Resources Stock Performance

Ramaco Resources stock opened at $9.25 on Tuesday. Ramaco Resources, Inc. has a 12-month low of $8.17 and a 12-month high of $17.23. The company has a market capitalization of $485.89 million, a price-to-earnings ratio of 14.23 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. The firm’s fifty day moving average price is $9.59 and its 200 day moving average price is $10.64.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings data on Monday, March 10th. The energy company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.36). The company had revenue of $170.90 million for the quarter, compared to analyst estimates of $166.59 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. Ramaco Resources’s revenue was down 15.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 earnings per share. On average, research analysts forecast that Ramaco Resources, Inc. will post 0.05 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.0688 dividend. This represents a $0.28 annualized dividend and a yield of 2.97%. Ramaco Resources’s dividend payout ratio is presently 500.00%.

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.