Ramaco Resources, Inc. (NASDAQ:METCB) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of Ramaco Resources, Inc. (NASDAQ:METCB) by 11.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,780 shares of the company’s stock after buying an additional 2,458 shares during the period. Bank of New York Mellon Corp’s holdings in Ramaco Resources were worth $235,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in METCB. Capricorn Fund Managers Ltd raised its position in Ramaco Resources by 4.4% during the 4th quarter. Capricorn Fund Managers Ltd now owns 32,438 shares of the company’s stock worth $322,000 after buying an additional 1,359 shares during the last quarter. South Dakota Investment Council increased its stake in shares of Ramaco Resources by 2.4% in the fourth quarter. South Dakota Investment Council now owns 92,402 shares of the company’s stock worth $913,000 after acquiring an additional 2,140 shares during the period. Barclays PLC increased its stake in shares of Ramaco Resources by 321.3% in the third quarter. Barclays PLC now owns 7,184 shares of the company’s stock worth $77,000 after acquiring an additional 5,479 shares during the period. JPMorgan Chase & Co. lifted its position in Ramaco Resources by 191.9% during the third quarter. JPMorgan Chase & Co. now owns 9,284 shares of the company’s stock valued at $100,000 after purchasing an additional 6,103 shares during the period. Finally, Wedge Capital Management L L P NC boosted its holdings in Ramaco Resources by 395.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 205,270 shares of the company’s stock valued at $2,028,000 after purchasing an additional 163,828 shares during the last quarter. 9.63% of the stock is owned by hedge funds and other institutional investors.

Ramaco Resources Stock Performance

Shares of METCB opened at $6.95 on Friday. The company has a market capitalization of $375.30 million, a P/E ratio of 20.44 and a beta of 0.92. The business’s 50-day moving average is $8.79 and its two-hundred day moving average is $9.72. Ramaco Resources, Inc. has a fifty-two week low of $0.00 and a fifty-two week high of $9.55.

Ramaco Resources (NASDAQ:METCB) last posted its earnings results on Monday, March 10th. The company reported $0.06 EPS for the quarter. The company had revenue of $170.89 million for the quarter.

Ramaco Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.1971 dividend. This represents a $0.79 annualized dividend and a dividend yield of 11.34%. The ex-dividend date of this dividend was Friday, February 28th. Ramaco Resources’s dividend payout ratio is currently 229.41%.

Ramaco Resources Profile

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.