Ramaco Resources, Inc. (NASDAQ:METCB) Shares Purchased by South Dakota Investment Council

South Dakota Investment Council boosted its position in shares of Ramaco Resources, Inc. (NASDAQ:METCB) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,402 shares of the company’s stock after buying an additional 2,140 shares during the period. South Dakota Investment Council owned 0.18% of Ramaco Resources worth $913,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in Ramaco Resources by 321.3% in the third quarter. Barclays PLC now owns 7,184 shares of the company’s stock valued at $77,000 after purchasing an additional 5,479 shares during the period. JPMorgan Chase & Co. increased its position in Ramaco Resources by 191.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,284 shares of the company’s stock valued at $100,000 after acquiring an additional 6,103 shares during the period. Wedge Capital Management L L P NC raised its stake in Ramaco Resources by 395.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 205,270 shares of the company’s stock valued at $2,028,000 after acquiring an additional 163,828 shares during the last quarter. Finally, Capricorn Fund Managers Ltd lifted its position in Ramaco Resources by 4.4% during the 4th quarter. Capricorn Fund Managers Ltd now owns 32,438 shares of the company’s stock worth $322,000 after acquiring an additional 1,359 shares during the period. Hedge funds and other institutional investors own 9.63% of the company’s stock.

Ramaco Resources Price Performance

NASDAQ:METCB opened at $8.92 on Monday. Ramaco Resources, Inc. has a 12-month low of $8.68 and a 12-month high of $12.98. The stock’s 50 day simple moving average is $9.37 and its 200-day simple moving average is $10.15.

Ramaco Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.1971 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.79 annualized dividend and a yield of 8.84%.

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.