10,000 Shares in Ramaco Resources, Inc. (NASDAQ:METC) Purchased by Prairiewood Capital LLC

Prairiewood Capital LLC bought a new stake in shares of Ramaco Resources, Inc. (NASDAQ:METC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,000 shares of the energy company’s stock, valued at approximately $103,000.

Other hedge funds also recently modified their holdings of the company. Pingora Partners LLC grew its stake in shares of Ramaco Resources by 330.2% during the third quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock worth $43,000 after purchasing an additional 2,840 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Ramaco Resources during the 3rd quarter worth about $45,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Ramaco Resources in the 2nd quarter valued at about $94,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Ramaco Resources in the 2nd quarter valued at approximately $139,000. Finally, HighTower Advisors LLC bought a new position in Ramaco Resources during the 3rd quarter worth approximately $148,000. Institutional investors own 74.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lowered their target price on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, January 6th.

Ramaco Resources Stock Up 3.7 %

Shares of Ramaco Resources stock opened at $9.58 on Tuesday. The company has a market capitalization of $503.24 million, a P/E ratio of 14.74 and a beta of 1.18. 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 business has a 50-day moving average of $11.21 and a two-hundred day moving average of $11.61. Ramaco Resources, Inc. has a 1 year low of $8.87 and a 1 year high of $20.70.

Ramaco Resources (NASDAQ:METC) last posted its earnings results on Monday, November 4th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business had revenue of $167.40 million for the quarter, compared to the consensus estimate of $156.41 million. During the same period in the previous year, the company posted $0.45 earnings per share. Ramaco Resources’s revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, equities analysts predict that Ramaco Resources, Inc. will post 0.05 EPS for the current year.

Ramaco Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.1375 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.55 annualized dividend and a yield of 5.74%. Ramaco Resources’s dividend payout ratio is currently 84.62%.

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.