AJOVista LLC Makes New $69,000 Investment in Ramaco Resources, Inc. (NASDAQ:METC)

AJOVista LLC purchased a new position in shares of Ramaco Resources, Inc. (NASDAQ:METC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,994 shares of the energy company’s stock, valued at approximately $69,000.

Several other large investors have also bought and sold shares of METC. Semanteon Capital Management LP bought a new stake in Ramaco Resources during the 4th quarter worth approximately $830,000. Brandywine Global Investment Management LLC acquired a new stake in Ramaco Resources in the third quarter valued at $1,450,000. Cypress Capital Management LLC WY bought a new position in Ramaco Resources during the 4th quarter worth $1,133,000. Jump Financial LLC acquired a new position in Ramaco Resources during the 3rd quarter worth about $397,000. Finally, Swiss National Bank grew its position in shares of Ramaco Resources by 9.3% in the 3rd 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.

Ramaco Resources Stock Performance

METC traded up $0.61 during midday trading on Friday, reaching $16.30. The company had a trading volume of 423,003 shares, compared to its average volume of 516,963. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.90 and a current ratio of 1.12. The business has a 50-day moving average price of $16.78 and a two-hundred day moving average price of $16.81. Ramaco Resources, Inc. has a 12-month low of $7.26 and a 12-month high of $22.70. The stock has a market cap of $721.44 million, a PE ratio of 9.37 and a beta of 1.15.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings data 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). Ramaco Resources had a net margin of 11.87% and a return on equity of 24.28%. The company had revenue of $202.73 million for the quarter, compared to the consensus estimate of $182.60 million. On average, sell-side analysts expect that Ramaco Resources, Inc. will post 1.59 earnings per share for the current fiscal year.

Ramaco Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.138 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.55 annualized dividend and a dividend yield of 3.39%. This is a boost from Ramaco Resources’s previous quarterly dividend of $0.13. Ramaco Resources’s dividend payout ratio (DPR) is presently 31.61%.

Analyst Upgrades and Downgrades

METC has been the subject of several recent analyst reports. UBS Group started coverage on Ramaco Resources in a research note on Tuesday, January 16th. They set a “neutral” rating and a $21.00 target price for the company. B. Riley dropped their price objective on Ramaco Resources from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Ramaco Resources presently has an average rating of “Moderate Buy” and an average price target of $17.90.

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.