Northwestern Mutual Investment Management Company LLC Takes Position in Ramaco Resources Inc (NASDAQ:METC)

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Northwestern Mutual Investment Management Company LLC purchased a new stake in shares of Ramaco Resources Inc (NASDAQ:METC) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 7,862 shares of the energy company’s stock, valued at approximately $46,000.

A number of other hedge funds also recently made changes to their positions in METC. Mraz Amerine & Associates Inc. acquired a new stake in shares of Ramaco Resources in the fourth quarter worth $55,000. Dimensional Fund Advisors LP acquired a new stake in shares of Ramaco Resources in the fourth quarter worth $160,000. Geode Capital Management LLC grew its stake in shares of Ramaco Resources by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 68,665 shares of the energy company’s stock worth $339,000 after acquiring an additional 1,849 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Ramaco Resources by 492.6% in the fourth quarter. Bank of New York Mellon Corp now owns 73,093 shares of the energy company’s stock worth $362,000 after acquiring an additional 60,758 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Ramaco Resources by 25.7% in the first quarter. JPMorgan Chase & Co. now owns 344,293 shares of the energy company’s stock worth $1,997,000 after acquiring an additional 70,466 shares during the last quarter. Institutional investors own 76.02% of the company’s stock.

METC opened at $5.35 on Thursday. Ramaco Resources Inc has a fifty-two week low of $4.35 and a fifty-two week high of $8.94. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.55. The firm has a market cap of $224.17 million, a price-to-earnings ratio of 8.63 and a beta of 1.29.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings results on Tuesday, May 7th. The energy company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.19). Ramaco Resources had a return on equity of 19.16% and a net margin of 11.65%. The business had revenue of $57.46 million for the quarter, compared to analyst estimates of $71.12 million. On average, sell-side analysts anticipate that Ramaco Resources Inc will post 1.42 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on METC shares. Seaport Global Securities restated a “buy” rating on shares of Ramaco Resources in a research note on Monday, February 25th. Clarkson Capital restated a “buy” rating on shares of Ramaco Resources in a research note on Monday, February 25th. TheStreet upgraded shares of Ramaco Resources from a “d+” rating to a “c-” rating in a research note on Thursday, May 16th. Finally, Zacks Investment Research downgraded shares of Ramaco Resources from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Ramaco Resources has a consensus rating of “Hold” and an average target price of $8.75.

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Ramaco Resources Company Profile

Ramaco Resources, Inc produces and sells metallurgical coal in the United States. The company's development portfolio includes the Elk Creek project consisting of approximately 20,552 acres of controlled mineral and 24 seams located in southern West Virginia; and the Berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia.

Recommended Story: Certificate of Deposit (CD)

Want to see what other hedge funds are holding METC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ramaco Resources Inc (NASDAQ:METC).

Institutional Ownership by Quarter for Ramaco Resources (NASDAQ:METC)

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