Comerica Bank Acquires 53,483 Shares of Ramaco Resources, Inc. (NASDAQ:METCB)

Comerica Bank grew its holdings in shares of Ramaco Resources, Inc. (NASDAQ:METCB - Free Report) by 271.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 73,197 shares of the company's stock after purchasing an additional 53,483 shares during the period. Comerica Bank owned approximately 0.14% of Ramaco Resources worth $723,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Capricorn Fund Managers Ltd increased its position in shares of Ramaco Resources by 4.4% during the fourth quarter. Capricorn Fund Managers Ltd now owns 32,438 shares of the company's stock valued at $322,000 after acquiring an additional 1,359 shares in the last quarter. Barclays PLC increased its position in shares of Ramaco Resources by 19.3% during the fourth quarter. Barclays PLC now owns 8,572 shares of the company's stock valued at $85,000 after acquiring an additional 1,388 shares in the last quarter. South Dakota Investment Council increased its position in shares of Ramaco Resources by 2.4% during the fourth quarter. South Dakota Investment Council now owns 92,402 shares of the company's stock valued at $913,000 after acquiring an additional 2,140 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Ramaco Resources by 11.5% during the fourth quarter. Bank of New York Mellon Corp now owns 23,780 shares of the company's stock valued at $235,000 after acquiring an additional 2,458 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of 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 acquiring an additional 6,103 shares in the last quarter. 9.63% of the stock is currently owned by hedge funds and other institutional investors.

Ramaco Resources Trading Up 2.6%

NASDAQ:METCB traded up $0.21 during trading hours on Friday, reaching $8.30. The company had a trading volume of 41,465 shares, compared to its average volume of 34,441. Ramaco Resources, Inc. has a 52 week low of $6.01 and a 52 week high of $11.60. The firm has a market cap of $448.20 million, a price-to-earnings ratio of -92.22 and a beta of 1.03. The firm's 50 day moving average price is $7.95 and its 200-day moving average price is $9.08.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported ($0.20) EPS for the quarter. The business had revenue of $134.66 million for the quarter.

Ramaco Resources Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.1811 dividend. The ex-dividend date of this dividend is Friday, May 30th. Ramaco Resources's dividend payout ratio (DPR) is presently -800.00%.

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.