Acuitas Investments LLC Sells 13,370 Shares of Ramaco Resources, Inc. (NASDAQ:METCB)

Acuitas Investments LLC cut its holdings in Ramaco Resources, Inc. (NASDAQ:METCB) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,538 shares of the company’s stock after selling 13,370 shares during the quarter. Acuitas Investments LLC’s holdings in Ramaco Resources were worth $1,458,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wedge Capital Management L L P NC raised its stake in shares of Ramaco Resources by 395.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 205,270 shares of the company’s stock worth $2,028,000 after buying an additional 163,828 shares during the period. Capricorn Fund Managers Ltd grew its position in shares of Ramaco Resources by 4.4% during the fourth quarter. Capricorn Fund Managers Ltd now owns 32,438 shares of the company’s stock worth $322,000 after purchasing an additional 1,359 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Ramaco Resources by 191.9% during the third quarter. JPMorgan Chase & Co. now owns 9,284 shares of the company’s stock worth $100,000 after purchasing an additional 6,103 shares in the last quarter. Finally, Barclays PLC raised its stake in Ramaco Resources by 321.3% during the 3rd 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. 9.63% of the stock is currently owned by hedge funds and other institutional investors.

Ramaco Resources Stock Performance

Shares of NASDAQ:METCB opened at $9.14 on Tuesday. The firm has a fifty day moving average price of $9.47 and a 200 day moving average price of $10.18. Ramaco Resources, Inc. has a fifty-two week low of $8.68 and a fifty-two week high of $12.98.

Ramaco Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.2364 per share. This is an increase from Ramaco Resources’s previous quarterly dividend of $0.22. This represents a $0.95 dividend on an annualized basis and a dividend yield of 10.35%. The ex-dividend date of this dividend was Monday, December 2nd.

Ramaco Resources Company 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.