Bank of America Corp DE Buys 4,914 Shares of Ramaco Resources, Inc. (NASDAQ:METCB)

Bank of America Corp DE increased its stake in shares of Ramaco Resources, Inc. (NASDAQ:METCB) by 64.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,516 shares of the company’s stock after purchasing an additional 4,914 shares during the quarter. Bank of America Corp DE’s holdings in Ramaco Resources were worth $124,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of METCB. American Century Companies Inc. boosted its stake in Ramaco Resources by 20.6% in 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. South Dakota Investment Council boosted its stake in Ramaco Resources by 2.4% in the fourth quarter. South Dakota Investment Council now owns 92,402 shares of the company’s stock valued at $913,000 after acquiring an additional 2,140 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Ramaco Resources by 48.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 76,718 shares of the company’s stock valued at $758,000 after acquiring an additional 25,084 shares during the last quarter. Comerica Bank boosted its stake in Ramaco Resources by 271.3% in the fourth quarter. Comerica Bank now owns 73,197 shares of the company’s stock valued at $723,000 after acquiring an additional 53,483 shares during the last quarter. Finally, State of Tennessee Department of Treasury boosted its stake in Ramaco Resources by 39.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 24,458 shares of the company’s stock valued at $242,000 after acquiring an additional 6,927 shares during the last quarter. 9.63% of the stock is owned by institutional investors.

Ramaco Resources Stock Up 0.8%

Shares of NASDAQ METCB opened at $7.52 on Tuesday. The company’s fifty day moving average is $8.04 and its 200-day moving average is $8.66. The stock has a market cap of $411.37 million, a price-to-earnings ratio of -83.56 and a beta of 0.69. Ramaco Resources, Inc. has a twelve month low of $6.01 and a twelve month high of $11.60.

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

Ramaco Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.1811 per share. The ex-dividend date was Friday, May 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.63%. Ramaco Resources’s dividend payout ratio is -800.00%.

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.