Wedge Capital Management L L P NC Sells 45,481 Shares of Ramaco Resources, Inc. (NASDAQ:METCB)

Wedge Capital Management L L P NC lowered its holdings in Ramaco Resources, Inc. (NASDAQ:METCB - Free Report) by 22.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 159,789 shares of the company's stock after selling 45,481 shares during the period. Wedge Capital Management L L P NC owned about 0.30% of Ramaco Resources worth $1,136,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Ramaco Resources by 19.3% in the 4th quarter. Barclays PLC now owns 8,572 shares of the company's stock worth $85,000 after acquiring an additional 1,388 shares during the period. Discovery Capital Management LLC CT purchased a new position in Ramaco Resources during the 4th quarter worth approximately $106,000. Wells Fargo & Company MN increased its holdings in shares of Ramaco Resources by 620.7% in the 4th quarter. Wells Fargo & Company MN now owns 11,099 shares of the company's stock valued at $110,000 after purchasing an additional 9,559 shares during the period. Bank of America Corp DE raised its holdings in shares of Ramaco Resources by 64.6% during the fourth quarter. Bank of America Corp DE now owns 12,516 shares of the company's stock worth $124,000 after acquiring an additional 4,914 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of Ramaco Resources during the 4th quarter valued at about $146,000. 9.63% of the stock is owned by institutional investors and hedge funds.

Ramaco Resources Trading Down 1.2%

NASDAQ METCB traded down $0.09 during trading on Friday, hitting $7.46. 89,671 shares of the company traded hands, compared to its average volume of 37,123. The company has a market capitalization of $408.09 million, a P/E ratio of -82.89 and a beta of 0.69. The business has a fifty day simple moving average of $8.02 and a 200 day simple moving average of $8.69. Ramaco Resources, Inc. has a 12 month low of $6.01 and a 12 month high of $11.60.

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

Ramaco Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.1811 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.72 annualized dividend and a yield of 9.71%. Ramaco Resources's dividend payout ratio (DPR) is -800.00%.

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.