Renaissance Technologies LLC Trims Position in Ramaco Resources, Inc. (NASDAQ:METCB)

Renaissance Technologies LLC decreased its holdings in Ramaco Resources, Inc. (NASDAQ:METCB) by 28.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,805 shares of the company’s stock after selling 23,095 shares during the quarter. Renaissance Technologies LLC owned about 0.11% of Ramaco Resources worth $581,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC grew its stake in Ramaco Resources by 321.3% in the third quarter. Barclays PLC now owns 7,184 shares of the company’s stock worth $77,000 after purchasing an additional 5,479 shares during the period. JPMorgan Chase & Co. grew its position in shares of Ramaco Resources by 191.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,284 shares of the company’s stock worth $100,000 after buying an additional 6,103 shares during the period. Discovery Capital Management LLC CT bought a new position in shares of Ramaco Resources in the 4th quarter worth about $106,000. Wells Fargo & Company MN lifted its position in Ramaco Resources by 620.7% during the 4th quarter. Wells Fargo & Company MN now owns 11,099 shares of the company’s stock valued at $110,000 after acquiring an additional 9,559 shares during the period. Finally, Wellington Management Group LLP bought a new stake in Ramaco Resources during the fourth quarter worth about $146,000. Institutional investors own 9.63% of the company’s stock.

Ramaco Resources Stock Performance

METCB stock opened at $8.68 on Friday. The firm has a 50 day moving average price of $8.03 and a 200-day moving average price of $9.21. Ramaco Resources, Inc. has a 52-week low of $6.01 and a 52-week high of $12.43. The firm has a market capitalization of $468.72 million, a price-to-earnings ratio of 25.53 and a beta of 1.23.

Ramaco Resources (NASDAQ:METCB) last announced its quarterly earnings data on Monday, March 10th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $170.89 million for the quarter.

Ramaco Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.1971 per share. This represents a $0.79 annualized dividend and a yield of 9.08%. The ex-dividend date was Friday, February 28th. Ramaco Resources’s dividend payout ratio (DPR) is 229.41%.

Ramaco Resources Company 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.