Barclays PLC Purchases 5,479 Shares of Ramaco Resources, Inc. (NASDAQ:METCB)

Barclays PLC increased its holdings in Ramaco Resources, Inc. (NASDAQ:METCB) by 321.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,184 shares of the company’s stock after buying an additional 5,479 shares during the period. Barclays PLC’s holdings in Ramaco Resources were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, American Century Companies Inc. boosted its stake in shares of 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 purchasing an additional 11,997 shares in the last quarter. 9.63% of the stock is owned by institutional investors.

Ramaco Resources Stock Performance

Shares of NASDAQ METCB opened at $9.47 on Friday. Ramaco Resources, Inc. has a 52-week low of $9.17 and a 52-week high of $13.77. The firm has a 50 day moving average price of $10.19 and a two-hundred day moving average price of $10.57.

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 given a $0.2364 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.95 dividend on an annualized basis and a dividend yield of 9.99%. This is an increase from Ramaco Resources’s previous quarterly dividend of $0.22.

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.