Dynamic Technology Lab Private Ltd Acquires 58,980 Shares of Ramaco Resources, Inc. (NASDAQ:METC)

Dynamic Technology Lab Private Ltd lifted its stake in shares of Ramaco Resources, Inc. (NASDAQ:METC) by 190.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,958 shares of the energy company’s stock after acquiring an additional 58,980 shares during the quarter. Dynamic Technology Lab Private Ltd owned approximately 0.21% of Ramaco Resources worth $1,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Ramaco Resources by 231.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company’s stock valued at $3,070,000 after purchasing an additional 183,163 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in shares of Ramaco Resources by 1.5% during the third quarter. Segall Bryant & Hamill LLC now owns 310,688 shares of the energy company’s stock worth $3,635,000 after acquiring an additional 4,460 shares in the last quarter. Empowered Funds LLC increased its holdings in Ramaco Resources by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 115,017 shares of the energy company’s stock worth $1,346,000 after purchasing an additional 5,762 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Ramaco Resources by 18.1% during the third quarter. Victory Capital Management Inc. now owns 127,965 shares of the energy company’s stock worth $1,497,000 after buying an additional 19,575 shares in the last quarter. Finally, Olympiad Research LP purchased a new stake in shares of Ramaco Resources in the third quarter valued at about $352,000. Institutional investors own 74.49% of the company’s stock.

Ramaco Resources Trading Down 0.7 %

Shares of METC stock opened at $12.35 on Wednesday. Ramaco Resources, Inc. has a 52-week low of $9.03 and a 52-week high of $22.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35. The company has a market capitalization of $648.73 million, a PE ratio of 19.00 and a beta of 1.08. The business’s fifty day moving average is $11.22 and its 200 day moving average is $12.28.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings data on Monday, November 4th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $167.40 million for the quarter, compared to the consensus estimate of $156.41 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. On average, equities research analysts anticipate that Ramaco Resources, Inc. will post 0.86 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Monday, December 2nd. Ramaco Resources’s dividend payout ratio is currently 84.62%.

Analyst Ratings Changes

A number of analysts recently commented on the company. B. Riley decreased their price target on 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 research note on Thursday, August 29th.

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.