Arkfeld Wealth Strategies L.L.C. Boosts Holdings in Ramaco Resources, Inc. (NASDAQ:METC)

Arkfeld Wealth Strategies L.L.C. grew its position in Ramaco Resources, Inc. (NASDAQ:METC) by 226.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,502 shares of the energy company’s stock after buying an additional 92,567 shares during the period. Ramaco Resources accounts for approximately 1.2% of Arkfeld Wealth Strategies L.L.C.’s investment portfolio, making the stock its 19th largest position. Arkfeld Wealth Strategies L.L.C. owned 0.30% of Ramaco Resources worth $2,111,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in METC. Archer Investment Corp purchased a new stake in shares of Ramaco Resources in the 4th quarter valued at approximately $26,000. Global Retirement Partners LLC acquired a new position in shares of Ramaco Resources in the 4th quarter worth approximately $36,000. AJOVista LLC acquired a new position in shares of Ramaco Resources in the 4th quarter worth approximately $69,000. Tower Research Capital LLC TRC lifted its holdings in shares of Ramaco Resources by 48,333.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,359 shares of the energy company’s stock worth $75,000 after acquiring an additional 4,350 shares during the last quarter. Finally, Global Trust Asset Management LLC lifted its holdings in shares of Ramaco Resources by 2,071.7% in the 1st quarter. Global Trust Asset Management LLC now owns 7,058 shares of the energy company’s stock worth $119,000 after acquiring an additional 6,733 shares during the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.

Ramaco Resources Stock Up 3.3 %

Ramaco Resources stock traded up $0.39 during mid-day trading on Wednesday, reaching $12.08. 418,320 shares of the company’s stock were exchanged, compared to its average volume of 808,541. Ramaco Resources, Inc. has a twelve month low of $7.65 and a twelve month high of $22.70. The company has a fifty day moving average of $14.06 and a 200-day moving average of $16.43. The company has a market cap of $534.66 million, a P/E ratio of 10.19 and a beta of 1.06. The company has a quick ratio of 0.95, a current ratio of 1.23 and a debt-to-equity ratio of 0.18.

Ramaco Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st were issued a $0.138 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.57%. Ramaco Resources’s payout ratio is 47.01%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on METC shares. B. Riley decreased their price objective on shares of Ramaco Resources from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Benchmark reduced their target price on shares of Ramaco Resources from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Ramaco Resources has an average rating of “Moderate Buy” and an average price target of $17.50.

Insider Activity

In other news, General Counsel Evan H. Jenkins acquired 7,158 shares of Ramaco Resources stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average cost of $13.97 per share, for a total transaction of $99,997.26. Following the acquisition, the general counsel now owns 23,480 shares of the company’s stock, valued at $328,015.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 45.98% of the company’s stock.

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.