Russell Investments Group Ltd. Invests $368,000 in Ramaco Resources, Inc. (NASDAQ:METC)

Russell Investments Group Ltd. acquired a new position in shares of Ramaco Resources, Inc. (NASDAQ:METCGet Rating) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,030 shares of the energy company’s stock, valued at approximately $368,000. Russell Investments Group Ltd. owned 0.06% of Ramaco Resources at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in Ramaco Resources by 523.1% in the first quarter. Bank of America Corp DE now owns 5,944 shares of the energy company’s stock valued at $94,000 after buying an additional 4,990 shares during the last quarter. Denali Advisors LLC raised its stake in shares of Ramaco Resources by 46.3% during the 2nd quarter. Denali Advisors LLC now owns 6,000 shares of the energy company’s stock worth $79,000 after buying an additional 1,900 shares during the last quarter. Graham Capital Management L.P. acquired a new position in Ramaco Resources during the first quarter worth about $173,000. Victory Capital Management Inc. purchased a new stake in Ramaco Resources in the 1st quarter valued at approximately $181,000. Finally, Bank of Montreal Can acquired a new stake in shares of Ramaco Resources during the first quarter valued at $243,000. Hedge funds and other institutional investors own 67.48% of the company’s stock.

Insider Transactions at Ramaco Resources

In related news, Director David E. K. Frischkorn sold 5,000 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $11.66, for a total value of $58,300.00. Following the completion of the transaction, the director now owns 35,439 shares in the company, valued at approximately $413,218.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 49.78% of the stock is owned by insiders.

Ramaco Resources Trading Up 2.4 %

Ramaco Resources stock opened at $12.48 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 1.19. The firm’s 50-day moving average is $10.28 and its 200-day moving average is $12.28. Ramaco Resources, Inc. has a 1 year low of $8.43 and a 1 year high of $21.73. The company has a market cap of $550.22 million, a P/E ratio of 5.57 and a beta of 1.05.

Ramaco Resources (NASDAQ:METCGet Rating) last issued its quarterly earnings results on Monday, August 8th. The energy company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.96). Ramaco Resources had a net margin of 21.95% and a return on equity of 42.89%. The firm had revenue of $138.66 million for the quarter, compared to analyst estimates of $212.74 million. On average, equities analysts expect that Ramaco Resources, Inc. will post 4.07 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.1133 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Wednesday, November 30th. Ramaco Resources’s payout ratio is 20.09%.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut their price objective on shares of Ramaco Resources from $18.00 to $14.00 and set a “market perform” rating on the stock in a report on Tuesday, August 9th.

Ramaco Resources Profile

(Get Rating)

Ramaco Resources, Inc produces and sells metallurgical coal. The company's development portfolio includes the Elk Creek project consisting of approximately 20,200 acres of controlled mineral and 16 seams located in southern West Virginia; the Berwind property comprising approximately 41,300 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia; the Knox Creek property consisting of approximately 62,100 acres of controlled mineral that is located in Virginia; and the RAM Mine property comprising approximately 1,570 acres of controlled mineral, which is situated in southwestern Pennsylvania.

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Institutional Ownership by Quarter for Ramaco Resources (NASDAQ:METC)

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