Ramaco Resources, Inc. (NASDAQ:METC) Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its position in Ramaco Resources, Inc. (NASDAQ:METC) by 5.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 276,812 shares of the energy company’s stock after acquiring an additional 14,480 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Ramaco Resources were worth $4,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Archer Investment Corp acquired a new stake in shares of Ramaco Resources in the fourth quarter valued at approximately $26,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Ramaco Resources by 14.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,589 shares of the energy company’s stock valued at $130,000 after acquiring an additional 947 shares during the period. Cornercap Investment Counsel Inc. acquired a new stake in shares of Ramaco Resources in the fourth quarter valued at approximately $436,000. Strs Ohio acquired a new stake in shares of Ramaco Resources in the fourth quarter valued at approximately $146,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Ramaco Resources in the fourth quarter valued at approximately $36,000. 74.49% of the stock is owned by institutional investors and hedge funds.

Ramaco Resources Price Performance

Shares of NASDAQ METC opened at $15.39 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.12 and a quick ratio of 0.90. The stock has a fifty day moving average price of $17.13 and a 200 day moving average price of $16.55. Ramaco Resources, Inc. has a 1-year low of $7.26 and a 1-year high of $22.70. The company has a market cap of $681.16 million, a PE ratio of 8.84 and a beta of 1.15.

Ramaco Resources (NASDAQ:METC) last released its earnings results on Thursday, March 7th. The energy company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.07). Ramaco Resources had a net margin of 11.87% and a return on equity of 24.28%. The business had revenue of $202.73 million during the quarter, compared to analyst estimates of $182.60 million. Sell-side analysts forecast that Ramaco Resources, Inc. will post 1.59 EPS for the current year.

Ramaco Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.138 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.55 dividend on an annualized basis and a yield of 3.59%. This is an increase from Ramaco Resources’s previous quarterly dividend of $0.13. Ramaco Resources’s dividend payout ratio (DPR) is 31.61%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on METC. B. Riley decreased their price target on Ramaco Resources from $25.00 to $24.00 and set a “buy” rating for the company in a report on Monday, April 15th. UBS Group began coverage on Ramaco Resources in a report on Tuesday, January 16th. They set a “neutral” rating and a $21.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Ramaco Resources has a consensus rating of “Moderate Buy” and a consensus price target of $17.90.

About Ramaco Resources

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.