Ramaco Resources, Inc. (NASDAQ:METCB) Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its stake in shares of Ramaco Resources, Inc. (NASDAQ:METCB - Free Report) by 395.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 205,270 shares of the company's stock after purchasing an additional 163,828 shares during the period. Wedge Capital Management L L P NC owned approximately 0.39% of Ramaco Resources worth $2,028,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC raised its position in Ramaco Resources by 321.3% during the third quarter. Barclays PLC now owns 7,184 shares of the company's stock worth $77,000 after acquiring an additional 5,479 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Ramaco Resources by 191.9% during the 3rd 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. Renaissance Technologies LLC raised its position in shares of Ramaco Resources by 17.3% during the 2nd quarter. Renaissance Technologies LLC now owns 65,900 shares of the company's stock worth $716,000 after purchasing an additional 9,696 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Ramaco Resources by 10.3% in the 2nd quarter. American Century Companies Inc. now owns 129,040 shares of the company's stock valued at $1,401,000 after buying an additional 11,997 shares in the last quarter. 9.63% of the stock is owned by institutional investors and hedge funds.

Ramaco Resources Trading Up 3.4 %

Shares of NASDAQ METCB traded up $0.31 on Tuesday, reaching $9.42. 24,673 shares of the company traded hands, compared to its average volume of 30,778. The company has a 50 day moving average of $9.96 and a 200 day moving average of $10.47. Ramaco Resources, Inc. has a fifty-two week low of $8.83 and a fifty-two week high of $13.21.

Ramaco Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.2364 dividend. This is an increase from Ramaco Resources's previous quarterly dividend of $0.22. This represents a $0.95 annualized dividend and a yield of 10.04%. The ex-dividend date of this dividend was Monday, December 2nd.

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.