Ramaco Resources, Inc. (NASDAQ:METC) Shares Purchased by Lunt Capital Management Inc.

Lunt Capital Management Inc. raised its holdings in Ramaco Resources, Inc. (NASDAQ:METC) by 619.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,900 shares of the energy company’s stock after buying an additional 61,900 shares during the period. Lunt Capital Management Inc. owned approximately 0.16% of Ramaco Resources worth $841,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. American Century Companies Inc. lifted its stake in Ramaco Resources by 14.9% in the second quarter. American Century Companies Inc. now owns 694,615 shares of the energy company’s stock worth $8,648,000 after acquiring an additional 90,014 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ramaco Resources by 21.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,380,601 shares of the energy company’s stock worth $17,186,000 after purchasing an additional 245,924 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Ramaco Resources by 8.9% during the first quarter. Vanguard Group Inc. now owns 1,591,146 shares of the energy company’s stock worth $26,795,000 after purchasing an additional 130,593 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Ramaco Resources by 442.0% in the second quarter. Victory Capital Management Inc. now owns 108,390 shares of the energy company’s stock valued at $1,349,000 after buying an additional 88,392 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Ramaco Resources by 22.4% in the second quarter. Millennium Management LLC now owns 435,007 shares of the energy company’s stock valued at $5,416,000 after buying an additional 79,687 shares during the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

Ramaco Resources Stock Performance

Shares of METC opened at $10.21 on Monday. The company’s 50 day simple moving average is $10.96 and its 200-day simple moving average is $12.87. The firm has a market cap of $446.48 million, a PE ratio of 9.45 and a beta of 1.05. Ramaco Resources, Inc. has a 12-month low of $9.03 and a 12-month high of $22.70. The company has a current ratio of 1.33, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23.

Ramaco Resources (NASDAQ:METC) last announced its earnings results on Wednesday, August 7th. The energy company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.23. Ramaco Resources had a net margin of 7.95% and a return on equity of 16.30%. The business had revenue of $155.32 million during the quarter, compared to analysts’ expectations of $141.66 million. As a group, equities analysts predict that Ramaco Resources, Inc. will post 0.88 EPS for the current year.

Ramaco Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a dividend yield of 5.41%. The ex-dividend date of this dividend was Friday, August 30th. Ramaco Resources’s dividend payout ratio (DPR) is presently 50.93%.

Analyst Upgrades and Downgrades

METC has been the subject of a number of research analyst reports. B. Riley lowered their price target on Ramaco Resources from $19.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, September 17th. Benchmark reaffirmed a “buy” rating and set a $20.00 price objective on shares of Ramaco Resources in a report on Thursday, August 29th.

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.