AJOVista LLC Purchases Shares of 3,994 Ramaco Resources, Inc. (NASDAQ:METC)

AJOVista LLC acquired a new position in Ramaco Resources, Inc. (NASDAQ:METC) during the fourth quarter, HoldingsChannel reports. The firm acquired 3,994 shares of the energy company’s stock, valued at approximately $69,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Semanteon Capital Management LP acquired a new position in Ramaco Resources during the fourth quarter valued at approximately $830,000. Brandywine Global Investment Management LLC purchased a new stake in shares of Ramaco Resources in the third quarter worth about $1,450,000. Cypress Capital Management LLC WY acquired a new stake in shares of Ramaco Resources in the fourth quarter valued at about $1,133,000. Jump Financial LLC purchased a new stake in shares of Ramaco Resources during the third quarter valued at approximately $397,000. Finally, Swiss National Bank lifted its stake in Ramaco Resources by 9.3% in the third quarter. Swiss National Bank now owns 63,500 shares of the energy company’s stock valued at $698,000 after buying an additional 5,400 shares during the last quarter. 74.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on METC. B. Riley dropped their price target on shares of Ramaco Resources from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. UBS Group initiated coverage on shares of Ramaco Resources in a report on Tuesday, January 16th. They issued a “neutral” rating and a $21.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Ramaco Resources has a consensus rating of “Moderate Buy” and an average price target of $17.90.

Ramaco Resources Trading Up 3.9 %

Shares of NASDAQ METC traded up $0.61 during mid-day trading on Friday, hitting $16.30. 423,003 shares of the company traded hands, compared to its average volume of 516,963. The business has a 50 day moving average of $16.78 and a two-hundred day moving average of $16.81. The stock has a market capitalization of $721.44 million, a price-to-earnings ratio of 9.37 and a beta of 1.15. Ramaco Resources, Inc. has a 1 year low of $7.26 and a 1 year high of $22.70. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.10.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings results on Thursday, March 7th. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.07). The firm had revenue of $202.73 million for the quarter, compared to analyst estimates of $182.60 million. Ramaco Resources had a net margin of 11.87% and a return on equity of 24.28%. On average, sell-side analysts anticipate that Ramaco Resources, Inc. will post 1.59 earnings per share for the current fiscal year.

Ramaco Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.138 per share. This is a positive change from Ramaco Resources’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, February 29th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.39%. Ramaco Resources’s dividend payout ratio is currently 31.61%.

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.