South Dakota Investment Council Raises Stock Position in Ramaco Resources, Inc. (NASDAQ:METCB)

South Dakota Investment Council lifted its position in shares of Ramaco Resources, Inc. (NASDAQ:METCB) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,402 shares of the company’s stock after acquiring an additional 2,140 shares during the quarter. South Dakota Investment Council’s holdings in Ramaco Resources were worth $913,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Ramaco Resources by 191.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,284 shares of the company’s stock valued at $100,000 after acquiring an additional 6,103 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of 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 in the last quarter. Barclays PLC grew its position in shares of Ramaco Resources by 321.3% in the third quarter. Barclays PLC now owns 7,184 shares of the company’s stock valued at $77,000 after purchasing an additional 5,479 shares during the last quarter. Finally, Capricorn Fund Managers Ltd increased its stake in shares of 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 purchasing an additional 1,359 shares in the last quarter. Institutional investors and hedge funds own 9.63% of the company’s stock.

Ramaco Resources Stock Performance

Shares of Ramaco Resources stock opened at $8.92 on Monday. The business has a 50 day moving average price of $9.37 and a 200 day moving average price of $10.15. Ramaco Resources, Inc. has a 1 year low of $8.68 and a 1 year high of $12.98.

Ramaco Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.1971 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.79 annualized dividend and a dividend yield of 8.84%.

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.