Sat. Sep 23rd, 2023
    BTC Capital Management Inc. Acquires Position in Warrior Met Coal

    BTC Capital Management Inc. has acquired a position in Warrior Met Coal, Inc. (NYSE:HCC) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 13,077 shares of the company’s stock, valued at approximately $512,000. Other institutional investors and hedge funds have also made moves with regards to Warrior Met Coal.

    Point72 Middle East FZE bought a position in Warrior Met Coal during the fourth quarter, while Tucker Asset Management LLC purchased a position in the company during the first quarter. Point72 Hong Kong Ltd and Covestor Ltd also increased their stakes in Warrior Met Coal. Overall, 93.89% of the stock is owned by institutional investors.

    Warrior Met Coal’s stock performance has been strong, with a 52-week high of $48.63. The company recently reported its quarterly earnings, which fell short of the consensus estimate. Despite this, equities analysts predict that Warrior Met Coal will post EPS of 8.49 for the current fiscal year.

    The company also announced a quarterly dividend, with stockholders of record receiving a dividend of $0.07 per share. Warrior Met Coal’s dividend payout ratio is currently 3.14%.

    In other news, CAO Brian M. Chopin sold 2,816 shares of the stock, valued at $126,720. The company produces and exports non-thermal metallurgical coal for the steel industry, primarily to blast furnace steel producers in Europe, South America, and Asia. It also sells natural gas as a byproduct from coal production.

    Sources: SEC, MarketBeat