Ramaco Resources, Inc. (NASDAQ:METCB) Declares $0.24 Quarterly Dividend

Ramaco Resources, Inc. (NASDAQ:METCBGet Free Report) announced a quarterly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Friday, March 1st will be given a dividend of 0.2416 per share on Friday, March 15th. This represents a $0.97 dividend on an annualized basis and a yield of 9.02%. The ex-dividend date of this dividend is Thursday, February 29th.

Ramaco Resources Trading Down 12.9 %

Ramaco Resources stock opened at $10.71 on Tuesday. The stock has a 50-day moving average price of $13.41 and a 200 day moving average price of $12.78. Ramaco Resources has a 52 week low of $8.50 and a 52 week high of $19.80.

Ramaco Resources (NASDAQ:METCBGet Free Report) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $186.97 million during the quarter.

Insider Activity

In other news, major shareholder Yorktown Ix Associates Llc sold 16,680 shares of Ramaco Resources stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $18.19, for a total value of $303,409.20. Following the transaction, the insider now directly owns 1,120,911 shares of the company’s stock, valued at approximately $20,389,371.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Yorktown Xi Associates Llc sold 2,142 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $17.38, for a total transaction of $37,227.96. Following the transaction, the insider now directly owns 1,090,067 shares of the company’s stock, valued at approximately $18,945,364.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Yorktown Ix Associates Llc sold 16,680 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $18.19, for a total value of $303,409.20. Following the transaction, the insider now directly owns 1,120,911 shares in the company, valued at $20,389,371.09. The disclosure for this sale can be found here. Insiders have sold 1,626,787 shares of company stock valued at $27,908,729 in the last three months.

Hedge Funds Weigh In On Ramaco Resources

Several hedge funds and other institutional investors have recently bought and sold shares of METCB. Bank of New York Mellon Corp purchased a new stake in Ramaco Resources during the 2nd quarter worth approximately $485,000. Northern Trust Corp purchased a new stake in Ramaco Resources during the 2nd quarter worth approximately $439,000. Citadel Advisors LLC purchased a new stake in Ramaco Resources during the 2nd quarter worth approximately $277,000. Stifel Financial Corp bought a new stake in shares of Ramaco Resources in the 2nd quarter valued at approximately $235,000. Finally, Comerica Bank bought a new stake in shares of Ramaco Resources in the 3rd quarter valued at approximately $229,000. 9.51% of the stock is owned by institutional investors and hedge funds.

About Ramaco Resources

(Get Free Report)

Ramaco Resources, Inc operates, develops, and sells metallurgical coal. Its development portfolio includes the Elk Creek project located in southern West Virginia; the Berwind property situated on the border of West Virginia and Virginia; the Knox Creek property is located in Virginia; and the RAM Mine property situated in southwestern Pennsylvania.

Further Reading

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