Ramaco Resources, Inc. (NASDAQ:METC) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of Ramaco Resources, Inc. (NASDAQ:METC) by 21.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,380,601 shares of the energy company’s stock after purchasing an additional 245,924 shares during the period. Dimensional Fund Advisors LP owned 3.12% of Ramaco Resources worth $17,186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of METC. Vanguard Group Inc. raised its holdings in shares of Ramaco Resources by 8.9% in the first quarter. Vanguard Group Inc. now owns 1,591,146 shares of the energy company’s stock worth $26,795,000 after acquiring an additional 130,593 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. raised its stake in Ramaco Resources by 226.1% in the 1st quarter. Arkfeld Wealth Strategies L.L.C. now owns 133,502 shares of the energy company’s stock valued at $2,111,000 after purchasing an additional 92,567 shares during the last quarter. American Century Companies Inc. lifted its holdings in Ramaco Resources by 14.9% in the 2nd quarter. American Century Companies Inc. now owns 694,615 shares of the energy company’s stock valued at $8,648,000 after purchasing an additional 90,014 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Ramaco Resources by 442.0% during the second quarter. Victory Capital Management Inc. now owns 108,390 shares of the energy company’s stock worth $1,349,000 after buying an additional 88,392 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of Ramaco Resources in the second quarter valued at approximately $584,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. B. Riley decreased their target price on shares of Ramaco Resources from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, September 17th. Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Ramaco Resources in a report on Thursday, August 29th.

Ramaco Resources Price Performance

Ramaco Resources stock opened at $11.78 on Friday. Ramaco Resources, Inc. has a 1 year low of $9.03 and a 1 year high of $22.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 1.33. The firm has a 50 day moving average price of $11.51 and a 200 day moving average price of $13.50. The company has a market cap of $521.42 million, a price-to-earnings ratio of 10.07 and a beta of 1.05.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings results on Wednesday, August 7th. The energy company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.23. The company had revenue of $155.32 million for the quarter, compared to analyst estimates of $141.66 million. Ramaco Resources had a net margin of 7.95% and a return on equity of 16.30%. Sell-side analysts predict that Ramaco Resources, Inc. will post 1.44 earnings per share for the current year.

Ramaco Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date was Friday, August 30th. Ramaco Resources’s dividend payout ratio (DPR) is presently 47.01%.

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.