21,700 Shares in Ramaco Resources, Inc. (NASDAQ:METC) Acquired by Versor Investments LP

Versor Investments LP acquired a new position in shares of Ramaco Resources, Inc. (NASDAQ:METC) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 21,700 shares of the energy company’s stock, valued at approximately $223,000.

A number of other hedge funds have also recently made changes to their positions in METC. Pingora Partners LLC boosted its position in Ramaco Resources by 330.2% in the 3rd quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock valued at $43,000 after buying an additional 2,840 shares during the period. Point72 DIFC Ltd purchased a new position in Ramaco Resources in the 3rd quarter valued at approximately $45,000. Prairiewood Capital LLC purchased a new position in Ramaco Resources in the 4th quarter valued at approximately $103,000. HighTower Advisors LLC purchased a new position in Ramaco Resources in the 3rd quarter valued at approximately $148,000. Finally, SG Americas Securities LLC boosted its position in Ramaco Resources by 68.8% in the 4th quarter. SG Americas Securities LLC now owns 16,076 shares of the energy company’s stock valued at $165,000 after buying an additional 6,555 shares during the period. Hedge funds and other institutional investors own 74.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group decreased their price target on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, January 6th.

Ramaco Resources Stock Down 3.1 %

Shares of NASDAQ METC opened at $8.49 on Wednesday. The business has a 50-day moving average of $9.78 and a two-hundred day moving average of $10.81. The company has a market capitalization of $445.97 million, a price-to-earnings ratio of 13.06 and a beta of 1.17. Ramaco Resources, Inc. has a 1 year low of $8.34 and a 1 year high of $20.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86.

Ramaco Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a yield of 6.48%. The ex-dividend date is Friday, February 28th. Ramaco Resources’s payout ratio is 84.62%.

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.