Citadel Advisors LLC Lowers Position in Ramaco Resources, Inc. (NASDAQ:METCB)

Citadel Advisors LLC reduced its position in shares of Ramaco Resources, Inc. (NASDAQ:METCB) by 20.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,863 shares of the company’s stock after selling 4,422 shares during the period. Citadel Advisors LLC’s holdings in Ramaco Resources were worth $167,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Comerica Bank increased its stake in Ramaco Resources by 271.3% in the 4th quarter. Comerica Bank now owns 73,197 shares of the company’s stock valued at $723,000 after purchasing an additional 53,483 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Ramaco Resources by 20.6% during the fourth quarter. American Century Companies Inc. now owns 174,701 shares of the company’s stock valued at $1,726,000 after acquiring an additional 29,811 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Ramaco Resources by 48.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 76,718 shares of the company’s stock worth $758,000 after purchasing an additional 25,084 shares in the last quarter. Wellington Management Group LLP acquired a new position in Ramaco Resources in the 4th quarter valued at about $146,000. Finally, Discovery Capital Management LLC CT purchased a new position in Ramaco Resources in the 4th quarter valued at about $106,000. 9.63% of the stock is owned by hedge funds and other institutional investors.

Ramaco Resources Price Performance

Ramaco Resources stock opened at $7.80 on Monday. The stock has a market capitalization of $426.69 million, a P/E ratio of -86.67 and a beta of 0.69. Ramaco Resources, Inc. has a 12-month low of $6.01 and a 12-month high of $11.60. The firm’s 50-day moving average is $7.93 and its two-hundred day moving average is $8.77.

Ramaco Resources (NASDAQ:METCB) last announced its earnings results on Monday, May 12th. The company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $134.66 million for the quarter.

Ramaco Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.1811 per share. This represents a $0.72 annualized dividend and a dividend yield of 9.29%. The ex-dividend date is Friday, May 30th. Ramaco Resources’s dividend payout ratio (DPR) is -800.00%.

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.