Ramaco Resources, Inc. (NASDAQ:METC) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in Ramaco Resources, Inc. (NASDAQ:METC) by 18.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,965 shares of the energy company’s stock after purchasing an additional 19,575 shares during the quarter. Victory Capital Management Inc. owned 0.29% of Ramaco Resources worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of Ramaco Resources during the second quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ramaco Resources in the second quarter valued at about $94,000. Koss Olinger Consulting LLC acquired a new stake in Ramaco Resources during the 2nd quarter valued at approximately $134,000. The Manufacturers Life Insurance Company purchased a new stake in Ramaco Resources during the 2nd quarter worth approximately $139,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Ramaco Resources in the 2nd quarter valued at approximately $229,000. 74.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on METC. B. Riley dropped their price target on shares of Ramaco Resources from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, September 17th. Benchmark reaffirmed a “buy” rating and set a $20.00 target price on shares of Ramaco Resources in a report on Thursday, August 29th.

Ramaco Resources Stock Down 1.0 %

METC opened at $12.44 on Tuesday. The stock’s 50 day moving average price is $11.17 and its 200 day moving average price is $12.28. 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 stock has a market cap of $653.47 million, a P/E ratio of 19.14 and a beta of 1.08. Ramaco Resources, Inc. has a 12 month low of $9.03 and a 12 month high of $22.70.

Ramaco Resources (NASDAQ:METC) last issued its quarterly earnings results on Monday, November 4th. The energy company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $167.40 million for the quarter, compared to analyst estimates of $156.41 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. Ramaco Resources’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the business posted $0.45 earnings per share. As a group, research analysts predict that Ramaco Resources, Inc. will post 0.86 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.1375 dividend. This represents a $0.55 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Monday, December 2nd. Ramaco Resources’s dividend payout ratio (DPR) 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.