21,823 Shares in Ramaco Resources, Inc. (NASDAQ:METC) Purchased by Proficio Capital Partners LLC

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

Other large investors have also added to or reduced their stakes in the company. Harbour Capital Advisors LLC bought a new position in shares of Ramaco Resources during the 4th quarter valued at approximately $540,000. Barclays PLC lifted its stake in Ramaco Resources by 369.7% in the third quarter. Barclays PLC now owns 44,409 shares of the energy company’s stock valued at $519,000 after purchasing an additional 34,954 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Ramaco Resources by 97.3% during the third quarter. JPMorgan Chase & Co. now owns 68,520 shares of the energy company’s stock valued at $802,000 after purchasing an additional 33,788 shares during the period. Charles Schwab Investment Management Inc. increased its position in Ramaco Resources by 231.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company’s stock worth $3,070,000 after buying an additional 183,163 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Ramaco Resources by 11.0% in the fourth quarter. Principal Financial Group Inc. now owns 38,017 shares of the energy company’s stock valued at $390,000 after buying an additional 3,754 shares during the period. Hedge funds and other institutional investors own 74.49% of the company’s stock.

Ramaco Resources Trading Up 1.2 %

NASDAQ:METC opened at $8.46 on Friday. Ramaco Resources, Inc. has a 1 year low of $8.09 and a 1 year high of $17.23. The stock’s fifty day moving average price is $9.50 and its two-hundred day moving average price is $10.50. 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 company has a market cap of $375.65 million, a P/E ratio of 13.02 and a beta of 1.17.

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

Ramaco Resources Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.0688 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.25%. Ramaco Resources’s payout ratio is 245.45%.

Wall Street Analysts Forecast Growth

METC has been the subject of several research reports. Jefferies Financial Group cut their price target on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Benchmark reiterated a “buy” rating on shares of Ramaco Resources in a research report on Wednesday, March 12th.

Insider Activity

In other Ramaco Resources news, major shareholder Yorktown Xi Associates Llc sold 89,501 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $8.09, for a total value of $724,063.09. Following the transaction, the insider now directly owns 1,024,870 shares in the company, valued at $8,291,198.30. This represents a 8.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 98,274 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $8.85, for a total value of $869,724.90. Following the completion of the sale, the insider now directly owns 1,052,404 shares in the company, valued at approximately $9,313,775.40. The trade was a 8.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 922,582 shares of company stock worth $7,898,023. 41.20% of the stock is owned by company insiders.

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.