Ramaco Resources, Inc. (NASDAQ:METC) Shares Sold by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC lessened its position in shares of Ramaco Resources, Inc. (NASDAQ:METC) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,947 shares of the energy company’s stock after selling 2,598 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in Ramaco Resources were worth $460,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in METC. Innealta Capital LLC acquired a new stake in Ramaco Resources during the second quarter worth $28,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Ramaco Resources during the 1st quarter worth $93,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ramaco Resources during the 2nd quarter worth about $94,000. Global Trust Asset Management LLC raised its holdings in 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 valued at $119,000 after buying an additional 6,733 shares during the period. Finally, Koss Olinger Consulting LLC acquired a new position in Ramaco Resources in the second quarter valued at about $134,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

Ramaco Resources Trading Up 1.6 %

NASDAQ METC opened at $11.51 on Friday. 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 market cap of $509.47 million, a price-to-earnings ratio of 9.84 and a beta of 1.05. The firm has a 50 day simple moving average of $11.68 and a 200-day simple moving average of $13.68. Ramaco Resources, Inc. has a one year low of $9.03 and a one year high of $22.70.

Ramaco Resources (NASDAQ:METC) last issued its quarterly earnings results on Wednesday, August 7th. The energy company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.23. The company had revenue of $155.32 million during the quarter, compared to analysts’ expectations of $141.66 million. Ramaco Resources had a net margin of 7.95% and a return on equity of 16.30%. Equities research analysts anticipate that Ramaco Resources, Inc. will post 1.44 EPS for the current fiscal year.

Ramaco Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.138 per share. The ex-dividend date was Friday, August 30th. This represents a $0.55 annualized dividend and a yield of 4.80%. Ramaco Resources’s payout ratio is 47.01%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on METC shares. B. Riley dropped their price target on shares of Ramaco Resources from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, September 17th. Benchmark reiterated a “buy” rating and issued a $20.00 target price on shares of Ramaco Resources in a report on Thursday, August 29th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.70.

Ramaco Resources Company 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.