GSA Capital Partners LLP Acquires New Shares in Warrior Met Coal $HCC

GSA Capital Partners LLP purchased a new position in Warrior Met Coal (NYSE:HCC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,937 shares of the company’s stock, valued at approximately $1,131,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HCC. Meeder Asset Management Inc. purchased a new stake in Warrior Met Coal in the 4th quarter worth approximately $31,000. EverSource Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 467 shares during the period. Parallel Advisors LLC grew its position 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 purchasing an additional 302 shares in the last quarter. IFP Advisors Inc purchased a new position in shares of Warrior Met Coal during the 4th quarter valued at $37,000. Finally, Bayforest Capital Ltd bought a new position in shares of Warrior Met Coal in the fourth quarter worth $63,000. Institutional investors own 92.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HCC shares. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. B. Riley Financial upped their target price on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Zacks Research downgraded Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Moderate Buy” and an average price target of $102.60.

Insider Activity

In other news, insider Kelli K. Gant sold 20,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the transaction, the insider directly owned 67,775 shares in the company, valued at approximately $7,455,250. This represents a 22.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.10% of the company’s stock.

Warrior Met Coal Stock Performance

NYSE HCC opened at $98.40 on Tuesday. Warrior Met Coal has a 52-week low of $54.66 and a 52-week high of $110.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. The company has a market capitalization of $5.20 billion, a P/E ratio of 23.65 and a beta of 0.65. The company has a fifty day moving average of $85.77 and a 200-day moving average of $88.02.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.25. The business had revenue of $509.69 million for the quarter, compared to analysts’ expectations of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The firm’s revenue was up 71.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 earnings per share. As a group, equities research analysts predict that Warrior Met Coal will post 5.74 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Warrior Met Coal’s dividend payout ratio is presently 7.69%.

Warrior Met Coal Company Profile

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.