Ramaco Resources, Inc. (NASDAQ:METCB) Raises Dividend to $0.19 Per Share

Key Points

• Ramaco Resources, Inc. has increased its quarterly dividend to $0.19 per share, reflecting a 5.9% rise from the previous quarterly dividend of $0.18.
• The stock is currently trading at approximately $15.81, with a dividend yield of 4.9% based on the new dividend announcement.
• Institutional investors have recently shown increased interest in Ramaco, with Barclays PLC boosting its stake by 19.3% and Wells Fargo increasing its position by 620.7% in the last quarters.

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) declared a quarterly dividend on Monday, August 25th, Wall Street Journal reports. Stockholders of record on Friday, September 5th will be paid a dividend of 0.1918 per share on Friday, September 19th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, September 5th. This is a 5.9% increase from Ramaco Resources's previous quarterly dividend of $0.18.

Ramaco Resources Price Performance

Shares of NASDAQ:METCB traded down $0.33 during trading on Monday, reaching $15.81. The company had a trading volume of 122,523 shares, compared to its average volume of 108,265. The company has a fifty day moving average of $11.93 and a two-hundred day moving average of $9.49. The stock has a market capitalization of $873.19 million, a P/E ratio of -34.37 and a beta of 0.89. Ramaco Resources 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.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last issued its quarterly 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 company had revenue of $152.96 million during the quarter.

Institutional Investors Weigh In On Ramaco Resources

Institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its stake in shares of Ramaco Resources by 19.3% in the 4th quarter. Barclays PLC now owns 8,572 shares of the company's stock valued at $85,000 after purchasing an additional 1,388 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Ramaco Resources by 1,403.7% in the 1st quarter. Russell Investments Group Ltd. now owns 9,052 shares of the company's stock valued at $64,000 after purchasing an additional 8,450 shares in the last quarter. Wells Fargo & Company MN boosted its position in Ramaco Resources by 620.7% during the 4th quarter. Wells Fargo & Company MN now owns 11,099 shares of the company's stock valued at $110,000 after buying an additional 9,559 shares during the period. Nuveen LLC purchased a new stake in Ramaco Resources during the 1st quarter valued at $79,000. Finally, Bank of America Corp DE boosted its position 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 valued at $124,000 after buying an additional 4,914 shares during the period. Hedge funds and other institutional investors own 9.63% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.