XTX Topco Ltd Purchases New Shares in Ramaco Resources, Inc. (NASDAQ:METCB)

XTX Topco Ltd purchased a new stake in Ramaco Resources, Inc. (NASDAQ:METCB) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,671 shares of the company’s stock, valued at approximately $97,000.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its stake in Ramaco Resources by 19.3% in the 4th quarter. Barclays PLC now owns 8,572 shares of the company’s stock valued at $85,000 after purchasing an additional 1,388 shares during the period. Wells Fargo & Company MN raised its holdings in Ramaco Resources by 620.7% in 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 in the last quarter. Bank of America Corp DE raised its holdings in Ramaco Resources by 64.6% in the 4th quarter. Bank of America Corp DE now owns 12,516 shares of the company’s stock valued at $124,000 after acquiring an additional 4,914 shares in the last quarter. Wellington Management Group LLP acquired a new position in Ramaco Resources in the 4th quarter valued at $146,000. Finally, JPMorgan Chase & Co. raised its holdings in Ramaco Resources by 87.6% in the 4th quarter. JPMorgan Chase & Co. now owns 17,413 shares of the company’s stock valued at $172,000 after acquiring an additional 8,129 shares in the last quarter. 9.63% of the stock is currently owned by institutional investors.

Ramaco Resources Price Performance

Shares of NASDAQ METCB opened at $17.11 on Friday. The stock has a market capitalization of $944.99 million, a PE ratio of -37.19 and a beta of 0.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.36 and a quick ratio of 0.84. The business has a fifty day moving average price of $10.93 and a two-hundred day moving average price of $9.19. Ramaco Resources, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $20.81.

Ramaco Resources (NASDAQ:METCB) last announced its quarterly earnings data on Thursday, July 31st. The company reported ($0.29) earnings per share for the quarter. The company had revenue of $152.96 million during the quarter. Ramaco Resources had a negative net margin of 3.17% and a negative return on equity of 5.70%.

Ramaco Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.1811 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, May 30th. Ramaco Resources’s dividend payout ratio is currently -156.52%.

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.