Pekin Hardy Strauss Inc. Sells 30,550 Shares of Ramaco Resources, Inc. (NASDAQ:METCB)

Pekin Hardy Strauss Inc. decreased its position in shares of Ramaco Resources, Inc. (NASDAQ:METCB) by 63.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,650 shares of the company’s stock after selling 30,550 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Ramaco Resources were worth $190,000 at the end of the most recent quarter.

Separately, Renaissance Technologies LLC lifted its holdings in shares of Ramaco Resources by 17.3% in the second quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock worth $716,000 after buying an additional 9,696 shares in the last quarter. Institutional investors and hedge funds own 9.63% of the company’s stock.

Ramaco Resources Price Performance

METCB opened at $10.36 on Tuesday. The firm has a 50-day simple moving average of $10.53 and a two-hundred day simple moving average of $10.80. Ramaco Resources, Inc. has a 52 week low of $9.42 and a 52 week high of $16.77.

Ramaco Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.2364 dividend. This is an increase from Ramaco Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.95 dividend on an annualized basis and a dividend yield of 9.13%.

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.