Ramaco Resources, Inc. (NASDAQ:METCB) Stock Holdings Lowered by State Street Corp

State Street Corp cut its holdings in shares of Ramaco Resources, Inc. (NASDAQ:METCB) by 9.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,823 shares of the company’s stock after selling 10,521 shares during the period. State Street Corp owned approximately 0.19% of Ramaco Resources worth $1,053,000 at the end of the most recent quarter.

Separately, Renaissance Technologies LLC boosted its position in shares of Ramaco Resources by 17.3% in the 2nd quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock valued at $716,000 after purchasing an additional 9,696 shares during the period. 9.63% of the stock is owned by institutional investors and hedge funds.

Ramaco Resources Stock Performance

NASDAQ METCB opened at $9.76 on Friday. Ramaco Resources, Inc. has a 1 year low of $9.17 and a 1 year high of $13.93. The stock’s 50-day moving average price is $10.25 and its two-hundred day moving average price is $10.60.

Ramaco Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.2364 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.95 dividend on an annualized basis and a dividend yield of 9.69%. This is a positive change from Ramaco Resources’s previous quarterly dividend of $0.22.

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.