Barclays PLC Acquires 34,954 Shares of Ramaco Resources, Inc. (NASDAQ:METC)

Barclays PLC grew its position in Ramaco Resources, Inc. (NASDAQ:METC) by 369.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,409 shares of the energy company’s stock after buying an additional 34,954 shares during the period. Barclays PLC owned 0.10% of Ramaco Resources worth $519,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. American Century Companies Inc. increased its holdings in shares of Ramaco Resources by 14.9% in the second quarter. American Century Companies Inc. now owns 694,615 shares of the energy company’s stock valued at $8,648,000 after purchasing an additional 90,014 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Ramaco Resources by 21.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,380,601 shares of the energy company’s stock valued at $17,186,000 after acquiring an additional 245,924 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in shares of Ramaco Resources by 190.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 89,958 shares of the energy company’s stock worth $1,053,000 after acquiring an additional 58,980 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 valued at $3,070,000 after purchasing an additional 183,163 shares during the period. Finally, Lunt Capital Management Inc. grew its stake in Ramaco Resources by 619.0% in the 3rd quarter. Lunt Capital Management Inc. now owns 71,900 shares of the energy company’s stock valued at $841,000 after acquiring an additional 61,900 shares during the period. Institutional investors and hedge funds own 74.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered 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.

Ramaco Resources Stock Up 4.4 %

METC stock opened at $10.71 on Friday. Ramaco Resources, Inc. has a 12 month low of $9.03 and a 12 month high of $22.70. 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 company has a market cap of $562.59 million, a price-to-earnings ratio of 16.48 and a beta of 1.14. The firm has a 50-day moving average of $11.55 and a two-hundred day moving average of $11.90.

Ramaco Resources (NASDAQ:METC) last posted its earnings results on Monday, November 4th. The energy company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $167.40 million during 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%. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, analysts forecast that Ramaco Resources, Inc. will post 0.86 earnings per share for the current fiscal year.

Ramaco Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date was Monday, December 2nd. Ramaco Resources’s dividend payout ratio 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.