Insider Selling: Warrior Met Coal (NYSE:HCC) Insider Sells $2,200,000.00 in Stock

Warrior Met Coal (NYSE:HCC) insider Kelli Gant sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the sale, the insider owned 67,775 shares of the company’s stock, valued at approximately $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Warrior Met Coal Price Performance

Warrior Met Coal stock traded up $1.90 during mid-day trading on Thursday, reaching $107.78. 449,803 shares of the company were exchanged, compared to its average volume of 940,582. The company has a fifty day simple moving average of $90.81 and a 200-day simple moving average of $88.20. Warrior Met Coal has a 12 month low of $40.80 and a 12 month high of $110.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.48 and a quick ratio of 2.42. The firm has a market cap of $5.69 billion, a PE ratio of 41.16 and a beta of 0.62.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, April 30th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The company had revenue of $458.59 million for the quarter, compared to the consensus estimate of $467.57 million. Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The business’s revenue was up 52.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.16) earnings per share. As a group, equities research analysts expect that Warrior Met Coal will post 6.78 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, May 1st. Warrior Met Coal’s dividend payout ratio is presently 12.21%.

Institutional Trading of Warrior Met Coal

A number of hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new stake in shares of Warrior Met Coal during the fourth quarter worth $31,000. EverSource Wealth Advisors LLC lifted its stake in shares of Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after acquiring an additional 467 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Warrior Met Coal by 272.1% during the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after acquiring an additional 302 shares in the last quarter. IFP Advisors Inc bought a new stake in Warrior Met Coal during the 4th quarter worth $37,000. Finally, Hantz Financial Services Inc. grew its position in Warrior Met Coal by 266.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after acquiring an additional 455 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Zacks Research downgraded shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. UBS Group lowered their price objective on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, May 1st. B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. Weiss Ratings lowered Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Finally, Citigroup upped their price objective on Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $102.80.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.