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

Wedge Capital Management L L P NC trimmed its stake in shares of Ramaco Resources, Inc. (NASDAQ:METCB - Free Report) by 22.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor 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 0.30% of Ramaco Resources worth $1,136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Ramaco Resources by 19.3% during 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 in the last quarter. Discovery Capital Management LLC CT bought a new stake in Ramaco Resources in the fourth quarter worth $106,000. Wells Fargo & Company MN raised its stake in Ramaco Resources by 620.7% during the fourth 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 in the last quarter. Bank of America Corp DE lifted its position in Ramaco Resources by 64.6% during the fourth quarter. Bank of America Corp DE now owns 12,516 shares of the company's stock valued at $124,000 after purchasing an additional 4,914 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in Ramaco Resources during the fourth quarter valued at $146,000. 9.63% of the stock is currently owned by institutional investors.

Ramaco Resources Price Performance

Shares of Ramaco Resources stock traded up $0.30 during trading hours on Thursday, reaching $7.55. The company's stock had a trading volume of 49,605 shares, compared to its average volume of 36,655. The firm has a 50 day moving average price of $8.00 and a 200-day moving average price of $8.72. The stock has a market cap of $413.02 million, a P/E ratio of -83.89 and a beta of 0.69. Ramaco Resources, Inc. has a one year low of $6.01 and a one year high of $11.60.

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

Ramaco Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.1811 per share. This represents a $0.72 annualized dividend and a dividend yield of 9.59%. The ex-dividend date of this dividend is Friday, May 30th. Ramaco Resources's dividend payout ratio is currently -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.