JPMorgan Chase & Co. Raises Stock Holdings in Ramaco Resources, Inc. (NASDAQ:METCB)

JPMorgan Chase & Co. boosted its holdings in Ramaco Resources, Inc. (NASDAQ:METCB) by 191.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,284 shares of the company’s stock after purchasing an additional 6,103 shares during the period. JPMorgan Chase & Co.’s holdings in Ramaco Resources were worth $100,000 at the end of the most recent reporting period.

Separately, Barclays PLC lifted its holdings in Ramaco Resources by 321.3% during the 3rd quarter. Barclays PLC now owns 7,184 shares of the company’s stock worth $77,000 after buying an additional 5,479 shares during the last quarter. 9.63% of the stock is owned by institutional investors and hedge funds.

Ramaco Resources Trading Down 1.6 %

Shares of Ramaco Resources stock opened at $8.81 on Monday. The business’s 50 day simple moving average is $9.71 and its 200-day simple moving average is $10.35. Ramaco Resources, Inc. has a twelve month low of $8.74 and a twelve month high of $12.98.

Ramaco Resources (NASDAQ:METCB) last posted its earnings results on Monday, November 4th. The company reported ($0.03) EPS for the quarter. The company had revenue of $167.41 million during the quarter.

Ramaco Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.2364 per share. This is a positive change from Ramaco Resources’s previous quarterly dividend of $0.22. This represents a $0.95 dividend on an annualized basis and a yield of 10.73%. The ex-dividend date was Monday, December 2nd.

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.