Acuitas Investments LLC Has $2.89 Million Holdings in Ramaco Resources, Inc. (NASDAQ:METC)

Acuitas Investments LLC lessened its stake in Ramaco Resources, Inc. (NASDAQ:METC) by 9.5% in the 4th quarter, HoldingsChannel reports. The fund owned 167,899 shares of the energy company’s stock after selling 17,687 shares during the quarter. Ramaco Resources accounts for about 1.4% of Acuitas Investments LLC’s holdings, making the stock its 25th biggest holding. Acuitas Investments LLC’s holdings in Ramaco Resources were worth $2,885,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC increased its position in Ramaco Resources by 5.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 276,812 shares of the energy company’s stock valued at $4,756,000 after acquiring an additional 14,480 shares in the last quarter. CenterBook Partners LP increased its position in Ramaco Resources by 1.3% in the 3rd quarter. CenterBook Partners LP now owns 195,900 shares of the energy company’s stock valued at $2,153,000 after acquiring an additional 2,591 shares in the last quarter. Tejara Capital Ltd increased its position in Ramaco Resources by 6.0% in the 3rd quarter. Tejara Capital Ltd now owns 141,694 shares of the energy company’s stock valued at $1,584,000 after acquiring an additional 7,972 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new stake in Ramaco Resources in the 3rd quarter valued at about $1,450,000. Finally, Swiss National Bank increased its position in 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 acquiring an additional 5,400 shares in the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

Wall Street Analyst Weigh In

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

Ramaco Resources Trading Up 4.8 %

Shares of NASDAQ METC traded up $0.70 during mid-day trading on Wednesday, hitting $15.39. The company’s stock had a trading volume of 490,393 shares, compared to its average volume of 929,356. The stock has a market cap of $681.16 million, a price-to-earnings ratio of 8.67 and a beta of 1.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.12 and a quick ratio of 0.90. Ramaco Resources, Inc. has a one year low of $7.26 and a one year high of $22.70. The company’s fifty day simple moving average is $17.13 and its 200-day simple moving average is $16.55.

Ramaco Resources (NASDAQ:METC) last issued its earnings results on Thursday, March 7th. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.07). The business had revenue of $202.73 million during the quarter, compared to the consensus estimate 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid 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 of this dividend was Thursday, February 29th. This represents a $0.55 annualized dividend and a yield of 3.59%. Ramaco Resources’s dividend payout ratio (DPR) is presently 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.