Lunt Capital Management Inc. Sells 10,000 Shares of Ramaco Resources, Inc. (NASDAQ:METC)

Lunt Capital Management Inc. decreased its stake in shares of Ramaco Resources, Inc. (NASDAQ:METC) by 13.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 61,900 shares of the energy company’s stock after selling 10,000 shares during the quarter. Lunt Capital Management Inc. owned 0.12% of Ramaco Resources worth $635,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in Ramaco Resources during the third quarter worth about $22,127,000. Dimensional Fund Advisors LP grew its holdings in shares of Ramaco Resources by 21.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,380,601 shares of the energy company’s stock worth $17,186,000 after purchasing an additional 245,924 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Ramaco Resources by 231.3% during 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. Marshall Wace LLP raised its stake in shares of Ramaco Resources by 287.2% in the second quarter. Marshall Wace LLP now owns 125,565 shares of the energy company’s stock valued at $1,563,000 after purchasing an additional 93,139 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Ramaco Resources by 22.4% in the second quarter. Millennium Management LLC now owns 435,007 shares of the energy company’s stock worth $5,416,000 after purchasing an additional 79,687 shares during the period. Institutional investors and hedge funds own 74.49% of the company’s stock.

Wall Street Analyst Weigh In

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

Ramaco Resources Stock Down 1.8 %

NASDAQ METC opened at $9.47 on Friday. Ramaco Resources, Inc. has a 1-year low of $8.87 and a 1-year high of $20.70. The company has a market capitalization of $497.46 million, a price-to-earnings ratio of 14.57 and a beta of 1.18. The stock’s 50 day moving average is $10.73 and its two-hundred day moving average is $11.32. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23.

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

Ramaco Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.1375 dividend. This represents a $0.55 annualized dividend and a dividend yield of 5.81%. The ex-dividend date is Friday, February 28th. Ramaco Resources’s payout ratio is 84.62%.

About Ramaco Resources

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.