Polen Capital Management LLC Lowers Stake in Ramaco Resources, Inc. $METC

Polen Capital Management LLC reduced its holdings in shares of Ramaco Resources, Inc. (NASDAQ:METC) by 51.5% in the fourth quarter, HoldingsChannel reports. The fund owned 88,507 shares of the energy company’s stock after selling 93,825 shares during the period. Polen Capital Management LLC’s holdings in Ramaco Resources were worth $1,593,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of METC. Allworth Financial LP lifted its position in Ramaco Resources by 3,603.6% during the 3rd quarter. Allworth Financial LP now owns 1,037 shares of the energy company’s stock valued at $34,000 after acquiring an additional 1,009 shares during the period. Spirit of America Management Corp NY bought a new stake in shares of Ramaco Resources in the 4th quarter worth approximately $38,000. Advisory Services Network LLC bought a new stake in shares of Ramaco Resources in the 3rd quarter worth approximately $38,000. Sunbelt Securities Inc. boosted its position in shares of Ramaco Resources by 400.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,500 shares of the energy company’s stock worth $83,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Keystone Financial Group bought a new stake in shares of Ramaco Resources in the 3rd quarter worth approximately $88,000. 74.49% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Ramaco Resources

Here are the key news stories impacting Ramaco Resources this week:

• Negative Sentiment: Ramaco was named in fresh class-action related notices tied to its senior notes offering and secondary public offering, which could raise litigation overhang and uncertainty for shareholders. Ramaco Resources Inc. Senior Notes Offering Investors (NASDAQ: METC) May Be Eligible to Recover Losses.
• Negative Sentiment: Another disclosure showed Director Peter Leidel sold shares, adding to a series of insider disposals that may signal reduced confidence or profit-taking. Ramaco Resources (NASDAQ:METC) Director Peter Leidel Sells 6,081 Shares
• Negative Sentiment: Insider-trading coverage also highlighted multiple earlier Leidel sales, reinforcing the impression of persistent selling pressure from management and insiders. Peter A. Leidel insider transactions
• Neutral Sentiment: Shareholders recently backed the company’s directors and incentive plan, which supports governance continuity but is not a major fundamental catalyst on its own. Ramaco Resources Shareholders Back Directors and Incentive Plan
• Neutral Sentiment: Brokerage sentiment remains “Moderate Buy,” suggesting analysts still see long-term value even as near-term sentiment stays mixed. Ramaco Resources, Inc. (NASDAQ:METC) Given Consensus Rating of “Moderate Buy” by Brokerages

Insider Buying and Selling

In other news, major shareholder Discovery Capital Management, sold 200,000 shares of Ramaco Resources stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $14.79, for a total value of $2,958,000.00. Following the completion of the sale, the insider directly owned 5,311,360 shares in the company, valued at $78,555,014.40. The trade was a 3.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Peter A. Leidel sold 6,081 shares of Ramaco Resources stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $10.34, for a total transaction of $62,877.54. Following the completion of the sale, the director owned 814,793 shares of the company’s stock, valued at $8,424,959.62. This represents a 0.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,632,295 shares of company stock valued at $23,110,788 over the last quarter. Company insiders own 46.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on METC. The Goldman Sachs Group raised Ramaco Resources from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $14.00 to $15.00 in a report on Tuesday, April 21st. B. Riley Financial dropped their target price on Ramaco Resources from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Morgan Stanley dropped their target price on Ramaco Resources from $17.50 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Robert W. Baird dropped their target price on Ramaco Resources from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Finally, Zacks Research raised Ramaco Resources from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.29.

Ramaco Resources Stock Up 4.1%

Shares of Ramaco Resources stock opened at $14.87 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.93 and a current ratio of 4.88. The stock has a market capitalization of $969.23 million, a PE ratio of -13.52 and a beta of 1.31. Ramaco Resources, Inc. has a 52-week low of $9.75 and a 52-week high of $57.80. The company has a 50-day simple moving average of $14.84 and a two-hundred day simple moving average of $16.45.

Ramaco Resources (NASDAQ:METC) last issued its earnings results on Monday, May 11th. The energy company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.08). The firm had revenue of $101.41 million during the quarter, compared to analysts’ expectations of $129.72 million. Ramaco Resources had a negative return on equity of 13.44% and a negative net margin of 11.52%.The firm’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period last year, the firm posted ($0.20) earnings per share. On average, analysts anticipate that Ramaco Resources, Inc. will post -0.27 EPS for the current fiscal year.

About Ramaco Resources

Ramaco Resources, Inc (NASDAQ:METC) is a U.S.-based producer of premium metallurgical coal and industrial minerals, focused on supplying the steel and allied industries. The company’s operations are centered in the Appalachian region of West Virginia, where it develops, mines and processes high-carbon coal products designed to meet the quality requirements of blast‐furnace and electric‐arc furnace steelmakers.

The firm’s flagship asset is the Elk Creek underground mine in Wyoming County, West Virginia, which began commercial production in 2019 and delivers a range of high‐grade metallurgical and anthracite coals.