Ramaco Resources, Inc. $METCB Shares Acquired by Acuitas Investments LLC

Key Points

• Acuitas Investments LLC increased its stake in Ramaco Resources, Inc. by 20.4% in Q2, holding a total of 180,458 shares valued at approximately $1.48 million.
• The company recently disclosed a quarterly dividend of $0.1918 per share, increased from the previous $0.18, reflecting a 5.0% yield.
• Weiss Ratings reaffirmed a "hold (c-)" rating on Ramaco Resources, with the stock also currently holding an average rating of "Hold" among analysts.

Acuitas Investments LLC increased its position in Ramaco Resources, Inc. (NASDAQ:METCB - Free Report) by 20.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,458 shares of the company's stock after buying an additional 30,558 shares during the period. Acuitas Investments LLC owned about 0.33% of Ramaco Resources worth $1,476,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. increased its position in Ramaco Resources by 1,403.7% during the first quarter. Russell Investments Group Ltd. now owns 9,052 shares of the company's stock worth $64,000 after purchasing an additional 8,450 shares during the last quarter. Nuveen LLC acquired a new position in Ramaco Resources during the first quarter worth approximately $79,000. XTX Topco Ltd acquired a new position in Ramaco Resources during the first quarter worth approximately $97,000. FNY Investment Advisers LLC acquired a new position in Ramaco Resources during the second quarter worth approximately $153,000. Finally, Encompass Capital Advisors LLC acquired a new position in Ramaco Resources during the first quarter worth approximately $166,000. Institutional investors and hedge funds own 9.63% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Ramaco Resources in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold".

Ramaco Resources Price Performance

METCB opened at $15.20 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.36. Ramaco Resources, Inc. has a 52-week low of $6.01 and a 52-week high of $22.11. The company has a 50 day moving average of $16.79 and a two-hundred day moving average of $12.05. The company has a market cap of $839.50 million, a P/E ratio of -33.04 and a beta of 0.90.

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

Ramaco Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were paid a dividend of $0.1918 per share. This is an increase from Ramaco Resources's previous quarterly dividend of $0.18. This represents a $0.77 annualized dividend and a yield of 5.0%. The ex-dividend date was Friday, September 5th. Ramaco Resources's payout ratio is presently -167.39%.

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.

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