Marshall Wace LLP Raises Stock Holdings in Ramaco Resources, Inc. (NASDAQ:METC)

Marshall Wace LLP lifted its stake in shares of Ramaco Resources, Inc. (NASDAQ:METC) by 287.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,565 shares of the energy company’s stock after acquiring an additional 93,139 shares during the period. Marshall Wace LLP owned 0.28% of Ramaco Resources worth $1,563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in METC. Arkfeld Wealth Strategies L.L.C. boosted its stake in shares of Ramaco Resources by 226.1% during the 1st quarter. Arkfeld Wealth Strategies L.L.C. now owns 133,502 shares of the energy company’s stock worth $2,111,000 after purchasing an additional 92,567 shares during the last quarter. American Century Companies Inc. boosted its position in Ramaco Resources by 14.9% during the second quarter. American Century Companies Inc. now owns 694,615 shares of the energy company’s stock worth $8,648,000 after acquiring an additional 90,014 shares during the last quarter. Vanguard Group Inc. grew its stake in Ramaco Resources by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 1,591,146 shares of the energy company’s stock worth $26,795,000 after acquiring an additional 130,593 shares during the period. Victory Capital Management Inc. raised its holdings in Ramaco Resources by 442.0% in the 2nd quarter. Victory Capital Management Inc. now owns 108,390 shares of the energy company’s stock valued at $1,349,000 after acquiring an additional 88,392 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Ramaco Resources during the 4th quarter worth $632,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

Ramaco Resources Stock Performance

NASDAQ:METC opened at $11.78 on Friday. Ramaco Resources, Inc. has a fifty-two week low of $9.03 and a fifty-two week high of $22.70. The firm’s 50 day moving average is $11.51 and its two-hundred day moving average is $13.48. The company has a market cap of $521.42 million, a P/E ratio of 10.07 and a beta of 1.05. The company has a quick ratio of 0.90, a current ratio of 1.33 and a debt-to-equity ratio of 0.23.

Ramaco Resources (NASDAQ:METC) last issued its earnings results on Wednesday, August 7th. The energy company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.23. The firm had revenue of $155.32 million for the quarter, compared to analysts’ expectations of $141.66 million. Ramaco Resources had a return on equity of 16.30% and a net margin of 7.95%. Analysts expect that Ramaco Resources, Inc. will post 1.44 EPS for the current year.

Ramaco Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.138 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.55 annualized dividend and a yield of 4.69%. Ramaco Resources’s payout ratio is 47.01%.

Analyst Upgrades and Downgrades

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

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.