Wedge Capital Management L L P NC Grows Position in Ramaco Resources, Inc. (NASDAQ:METCB)

Wedge Capital Management L L P NC lifted its position in shares of Ramaco Resources, Inc. (NASDAQ:METCB) by 395.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 205,270 shares of the company’s stock after purchasing an additional 163,828 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Ramaco Resources were worth $2,028,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in Ramaco Resources by 191.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,284 shares of the company’s stock worth $100,000 after acquiring an additional 6,103 shares in the last quarter. Barclays PLC raised its stake in shares of Ramaco Resources by 321.3% during 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 period. Renaissance Technologies LLC lifted its position in shares of Ramaco Resources by 17.3% during the second quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock worth $716,000 after purchasing an additional 9,696 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Ramaco Resources by 10.3% in the second quarter. American Century Companies Inc. now owns 129,040 shares of the company’s stock valued at $1,401,000 after purchasing an additional 11,997 shares during the period. Institutional investors and hedge funds own 9.63% of the company’s stock.

Ramaco Resources Trading Up 0.4 %

Shares of METCB stock opened at $9.11 on Tuesday. The company’s fifty day moving average price is $9.96 and its two-hundred day moving average price is $10.47. Ramaco Resources, Inc. has a 12 month low of $8.83 and a 12 month high of $13.33.

Ramaco Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.2364 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.95 annualized dividend and a yield of 10.38%. This is a boost from Ramaco Resources’s previous quarterly dividend of $0.22.

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.