American Century Companies Inc. Has $1.40 Million Holdings in Ramaco Resources, Inc. $METCB

American Century Companies Inc. raised its position in Ramaco Resources, Inc. (NASDAQ:METCB - Free Report) by 12.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 196,657 shares of the company's stock after buying an additional 21,956 shares during the period. American Century Companies Inc. owned about 0.36% of Ramaco Resources worth $1,398,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in METCB. Comerica Bank boosted its position in shares of Ramaco Resources by 271.3% in the 4th quarter. Comerica Bank now owns 73,197 shares of the company's stock worth $723,000 after purchasing an additional 53,483 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Ramaco Resources by 48.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 76,718 shares of the company's stock worth $758,000 after purchasing an additional 25,084 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Ramaco Resources in the 4th quarter worth $146,000. XTX Topco Ltd bought a new position in shares of Ramaco Resources in the 1st quarter worth $97,000. Finally, Nuveen LLC bought a new position in shares of Ramaco Resources in the 1st quarter worth $79,000. 9.63% of the stock is currently owned by institutional investors.

Ramaco Resources Trading Down 2.1%

Shares of NASDAQ:METCB traded down $0.34 during midday trading on Friday, hitting $16.00. The company had a trading volume of 80,970 shares, compared to its average volume of 143,652. Ramaco Resources, Inc. has a 12 month low of $6.01 and a 12 month high of $20.81. The company has a current ratio of 1.36, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. The stock has a market cap of $883.68 million, a price-to-earnings ratio of -34.78 and a beta of 0.90. The firm has a fifty day simple moving average of $13.66 and a 200 day simple moving average of $9.98.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.29) earnings per share (EPS) for the quarter. The company had revenue of $152.96 million during the quarter. Ramaco Resources had a negative return on equity of 5.70% and a negative net margin of 3.17%.

Ramaco Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be paid a dividend of $0.1918 per share. This represents a $0.77 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, September 5th. This is a boost from Ramaco Resources's previous quarterly dividend of $0.18. Ramaco Resources's dividend payout ratio (DPR) is -167.39%.

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.