Y Intercept Hong Kong Ltd Purchases New Stake in Ramaco Resources, Inc. $METCB

Y Intercept Hong Kong Ltd acquired a new position in shares of Ramaco Resources, Inc. (NASDAQ:METCB) during the second quarter, HoldingsChannel.com reports. The firm acquired 18,584 shares of the company’s stock, valued at approximately $152,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in METCB. First Manhattan CO. LLC. increased its stake in shares of Ramaco Resources by 2.9% in the 1st quarter. First Manhattan CO. LLC. now owns 257,093 shares of the company’s stock worth $1,828,000 after acquiring an additional 7,181 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Ramaco Resources by 12.6% during the 1st quarter. American Century Companies Inc. now owns 196,657 shares of the company’s stock valued at $1,398,000 after acquiring an additional 21,956 shares during the last quarter. Acuitas Investments LLC grew its holdings in shares of Ramaco Resources by 20.4% in the second quarter. Acuitas Investments LLC now owns 180,458 shares of the company’s stock valued at $1,476,000 after purchasing an additional 30,558 shares during the period. Wedge Capital Management L L P NC increased its position in Ramaco Resources by 11.0% during the second quarter. Wedge Capital Management L L P NC now owns 177,367 shares of the company’s stock worth $1,451,000 after purchasing an additional 17,578 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Ramaco Resources by 145.3% during the first quarter. Wellington Management Group LLP now owns 36,176 shares of the company’s stock worth $257,000 after purchasing an additional 21,430 shares during the last quarter. Institutional investors and hedge funds own 9.63% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Ramaco Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Ramaco Resources Price Performance

METCB stock opened at $15.74 on Monday. The business’s fifty day moving average price is $16.40 and its 200 day moving average price is $12.68. Ramaco Resources, Inc. has a 12-month low of $6.01 and a 12-month high of $22.11. The company has a market capitalization of $1.04 billion, a PE ratio of -23.15 and a beta of 0.88. The company has a current ratio of 2.97, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24.

Ramaco Resources (NASDAQ:METCB) last issued its quarterly earnings results on Monday, October 27th. The company reported ($0.25) earnings per share (EPS) for the quarter. The business had revenue of $121.00 million for the quarter. Ramaco Resources had a negative return on equity of 7.52% and a negative net margin of 5.67%.

Ramaco Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were issued a dividend of $0.1918 per share. This is a boost from Ramaco Resources’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, September 5th. This represents a $0.77 dividend on an annualized basis and a yield of 4.9%. Ramaco Resources’s dividend payout ratio (DPR) is currently -113.24%.

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.