Ramaco Resources, Inc. (NASDAQ:METC) Stake Boosted by American Century Companies Inc.

American Century Companies Inc. increased its stake in Ramaco Resources, Inc. (NASDAQ:METC) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 870,957 shares of the energy company’s stock after purchasing an additional 84,734 shares during the period. American Century Companies Inc. owned 1.66% of Ramaco Resources worth $8,936,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Pingora Partners LLC lifted its stake in Ramaco Resources by 330.2% in the third quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock valued at $43,000 after buying an additional 2,840 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Ramaco Resources during the 3rd quarter valued at about $45,000. AlphaQuest LLC bought a new position in Ramaco Resources in the 4th quarter worth about $50,000. Campbell Capital Management Inc. acquired a new stake in shares of Ramaco Resources in the fourth quarter valued at approximately $51,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of Ramaco Resources during the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a report on Monday, January 6th. Benchmark reaffirmed a “buy” rating on shares of Ramaco Resources in a research note on Wednesday, March 12th.

Ramaco Resources Price Performance

Shares of NASDAQ METC opened at $8.34 on Thursday. Ramaco Resources, Inc. has a twelve month low of $7.87 and a twelve month high of $16.92. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average of $9.40 and a two-hundred day moving average of $10.46. The company has a market capitalization of $450.36 million, a price-to-earnings ratio of 12.83 and a beta of 1.14.

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

Ramaco Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 3.30%. Ramaco Resources’s payout ratio is 245.45%.

Insider Transactions at Ramaco Resources

In other Ramaco Resources news, major shareholder Yorktown Xi Associates Llc sold 89,501 shares of the business’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $8.09, for a total transaction of $724,063.09. Following the sale, the insider now directly owns 1,024,870 shares of the company’s stock, valued at $8,291,198.30. The trade was a 8.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $8.61, for a total value of $722,129.31. Following the completion of the sale, the insider now owns 1,059,909 shares of the company’s stock, valued at $9,125,816.49. The trade was a 7.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 922,582 shares of company stock valued at $7,898,023 over the last three months. Company insiders own 41.20% of the company’s stock.

Ramaco Resources 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.