Renaissance Technologies LLC Raises Stake in Ramaco Resources, Inc. (NASDAQ:METCB)

Renaissance Technologies LLC raised its holdings in Ramaco Resources, Inc. (NASDAQ:METCB) by 17.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,900 shares of the company’s stock after purchasing an additional 9,696 shares during the quarter. Renaissance Technologies LLC owned about 0.12% of Ramaco Resources worth $716,000 as of its most recent filing with the SEC.

Separately, Global Trust Asset Management LLC lifted its holdings in shares of Ramaco Resources by 1,237.6% during the first quarter. Global Trust Asset Management LLC now owns 14,647 shares of the company’s stock worth $184,000 after purchasing an additional 13,552 shares during the period. 9.63% of the stock is currently owned by institutional investors and hedge funds.

Ramaco Resources Trading Up 1.4 %

Shares of Ramaco Resources stock opened at $10.78 on Wednesday. Ramaco Resources, Inc. has a 52-week low of $9.42 and a 52-week high of $17.90. The company’s 50-day simple moving average is $10.67 and its 200-day simple moving average is $11.08.

Ramaco Resources (NASDAQ:METCB) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.08 earnings per share for the quarter. The business had revenue of $155.32 million during the quarter.

Ramaco Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.2246 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.33%. The ex-dividend date was Friday, August 30th.

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.