Ramaco Resources, Inc. (NASDAQ:METCB) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its stake in shares of Ramaco Resources, Inc. (NASDAQ:METCB) by 22.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 159,789 shares of the company’s stock after selling 45,481 shares during the period. Wedge Capital Management L L P NC’s holdings in Ramaco Resources were worth $1,136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. South Dakota Investment Council increased its holdings in shares of Ramaco Resources by 2.4% during the 4th quarter. South Dakota Investment Council now owns 92,402 shares of the company’s stock worth $913,000 after purchasing an additional 2,140 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Ramaco Resources by 11.5% during the fourth quarter. Bank of New York Mellon Corp now owns 23,780 shares of the company’s stock worth $235,000 after purchasing an additional 2,458 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Ramaco Resources by 20.6% during the fourth quarter. American Century Companies Inc. now owns 174,701 shares of the company’s stock worth $1,726,000 after purchasing an additional 29,811 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Ramaco Resources by 87.6% in the 4th quarter. JPMorgan Chase & Co. now owns 17,413 shares of the company’s stock valued at $172,000 after purchasing an additional 8,129 shares during the period. Finally, Wellington Management Group LLP acquired a new position in shares of Ramaco Resources in the 4th quarter valued at $146,000. Institutional investors and hedge funds own 9.63% of the company’s stock.

Ramaco Resources Trading Down 2.1%

Shares of Ramaco Resources stock opened at $7.59 on Wednesday. The company has a market capitalization of $415.20 million, a PE ratio of -84.33 and a beta of 0.69. Ramaco Resources, Inc. has a 12 month low of $6.01 and a 12 month high of $11.60. The stock’s fifty day simple moving average is $7.96 and its 200 day simple moving average is $8.75.

Ramaco Resources (NASDAQ:METCB) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.20) earnings per share for the quarter. The business had revenue of $134.66 million during the quarter.

Ramaco Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.1811 per share. The ex-dividend date is Friday, May 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.54%. Ramaco Resources’s dividend payout ratio (DPR) is currently -800.00%.

About Ramaco Resources

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.