Ramaco Resources, Inc. (NASDAQ:METC) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Ramaco Resources, Inc. (NASDAQ:METC) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,656 shares of the energy company’s stock after purchasing an additional 1,425 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.08% of Ramaco Resources worth $427,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in METC. Empowered Funds LLC boosted its holdings in shares of Ramaco Resources by 5.1% during the fourth quarter. Empowered Funds LLC now owns 120,887 shares of the energy company’s stock worth $1,240,000 after purchasing an additional 5,870 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Ramaco Resources by 11.0% during the fourth quarter. Principal Financial Group Inc. now owns 38,017 shares of the energy company’s stock worth $390,000 after purchasing an additional 3,754 shares during the last quarter. Acuitas Investments LLC boosted its holdings in shares of Ramaco Resources by 153.1% during the fourth quarter. Acuitas Investments LLC now owns 152,097 shares of the energy company’s stock worth $1,561,000 after purchasing an additional 92,008 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Ramaco Resources by 12.5% during the fourth quarter. New York State Common Retirement Fund now owns 17,988 shares of the energy company’s stock worth $185,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Ramaco Resources by 42.1% during the fourth quarter. Bank of New York Mellon Corp now owns 524,009 shares of the energy company’s stock worth $5,376,000 after purchasing an additional 155,169 shares during the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

Ramaco Resources Price Performance

Shares of Ramaco Resources stock opened at $10.08 on Thursday. Ramaco Resources, Inc. has a twelve month low of $6.24 and a twelve month high of $15.35. The stock has a market capitalization of $551.42 million, a P/E ratio of 15.51 and a beta of 1.18. 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 business’s fifty day moving average price is $9.24 and its 200 day moving average price is $9.76.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings data on Monday, May 12th. The energy company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.10. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The company had revenue of $115.61 million for the quarter, compared to analyst estimates of $137.10 million. During the same period last year, the company posted $0.23 earnings per share. The firm’s revenue was down 22.0% compared to the same quarter last year. As a group, research analysts anticipate that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.0688 dividend. This represents a $0.28 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, May 30th. Ramaco Resources’s dividend payout ratio (DPR) is presently -337.50%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. B. Riley decreased their price objective on Ramaco Resources from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Benchmark reduced their target price on Ramaco Resources from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th. Finally, Wall Street Zen cut Ramaco Resources from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd.

Insider Buying and Selling at Ramaco Resources

In related news, major shareholder Yorktown Energy Partners Xi, L sold 98,274 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $8.85, for a total value of $869,724.90. Following the transaction, the insider now owns 1,052,404 shares in the company, valued at approximately $9,313,775.40. The trade was a 8.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Peter A. Leidel sold 225,000 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $8.08, for a total value of $1,818,000.00. Following the completion of the transaction, the director now owns 677,403 shares in the company, valued at approximately $5,473,416.24. This trade represents a 24.93% 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. 36.20% of the stock is owned by company insiders.

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.