Campbell Capital Management Inc. Makes New $51,000 Investment in Ramaco Resources, Inc. (NASDAQ:METC)

Campbell Capital Management Inc. purchased a new position in shares of Ramaco Resources, Inc. (NASDAQ:METC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,000 shares of the energy company’s stock, valued at approximately $51,000.

Several other institutional investors also recently added to or reduced their stakes in METC. Victory Capital Management Inc. increased its position in Ramaco Resources by 18.1% during the third quarter. Victory Capital Management Inc. now owns 127,965 shares of the energy company’s stock worth $1,497,000 after buying an additional 19,575 shares during the period. Empowered Funds LLC increased its position in Ramaco Resources by 5.3% during the third quarter. Empowered Funds LLC now owns 115,017 shares of the energy company’s stock worth $1,346,000 after buying an additional 5,762 shares during the period. Segall Bryant & Hamill LLC increased its position in Ramaco Resources by 1.5% during the third quarter. Segall Bryant & Hamill LLC now owns 310,688 shares of the energy company’s stock worth $3,635,000 after buying an additional 4,460 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Ramaco Resources by 231.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company’s stock valued at $3,070,000 after purchasing an additional 183,163 shares during the period. Finally, Dynamic Technology Lab Private Ltd increased its holdings in shares of Ramaco Resources by 190.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 89,958 shares of the energy company’s stock valued at $1,053,000 after purchasing an additional 58,980 shares during the period. Institutional investors and hedge funds own 74.49% of the company’s stock.

Ramaco Resources Stock Down 0.6 %

Ramaco Resources stock opened at $9.56 on Friday. 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, Inc. has a 1-year low of $8.17 and a 1-year high of $17.23. The company has a market cap of $502.18 million, a PE ratio of 14.71 and a beta of 1.17. The stock’s 50 day moving average price is $9.61 and its 200 day moving average price is $10.67.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings results on Monday, March 10th. The energy company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The business had revenue of $170.90 million during the quarter, compared to analysts’ expectations of $166.59 million. During the same quarter last year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was down 15.7% compared to the same quarter last year. On average, sell-side analysts predict that Ramaco Resources, Inc. will post 0.05 EPS for the current fiscal year.

Ramaco Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.1375 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.75%. Ramaco Resources’s dividend payout ratio (DPR) is presently 500.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Jefferies Financial Group dropped their target price on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Benchmark reissued a “buy” rating on shares of Ramaco Resources in a report on Wednesday.

Ramaco Resources Company 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.