Ramaco Resources, Inc. $METCB Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its holdings in Ramaco Resources, Inc. (NASDAQ:METCB - Free Report) by 145.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,176 shares of the company's stock after purchasing an additional 21,430 shares during the period. Wellington Management Group LLP owned about 0.07% of Ramaco Resources worth $257,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in Ramaco Resources by 12.6% in the first quarter. American Century Companies Inc. now owns 196,657 shares of the company's stock valued at $1,398,000 after purchasing an additional 21,956 shares during the last quarter. Comerica Bank lifted its holdings in Ramaco Resources by 271.3% during the 4th quarter. Comerica Bank now owns 73,197 shares of the company's stock worth $723,000 after buying an additional 53,483 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Ramaco Resources by 7.8% during the 1st quarter. Bank of New York Mellon Corp now owns 25,628 shares of the company's stock worth $182,000 after buying an additional 1,848 shares during the last quarter. XTX Topco Ltd bought a new position in Ramaco Resources during the 1st quarter worth approximately $97,000. Finally, Bank of America Corp DE lifted its holdings in Ramaco Resources by 64.6% during the 4th quarter. Bank of America Corp DE now owns 12,516 shares of the company's stock worth $124,000 after buying an additional 4,914 shares during the last quarter. Hedge funds and other institutional investors own 9.63% of the company's stock.

Ramaco Resources Stock Performance

NASDAQ:METCB traded down $0.34 during trading hours on Friday, reaching $16.00. 80,970 shares of the stock were exchanged, compared to its average volume of 143,652. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.36. The firm has a 50 day simple moving average of $13.66 and a 200-day simple moving average of $9.98. Ramaco Resources, Inc. has a 52 week low of $6.01 and a 52 week high of $20.81. The stock has a market capitalization of $883.68 million, a P/E ratio of -34.78 and a beta of 0.90.

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

Ramaco Resources Increases Dividend

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