Wellington Management Group LLP Purchases 21,430 Shares of Ramaco Resources, Inc. $METCB

Wellington Management Group LLP increased its position in Ramaco Resources, Inc. (NASDAQ:METCB) by 145.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 36,176 shares of the company’s stock after buying an additional 21,430 shares during the period. Wellington Management Group LLP owned about 0.07% of Ramaco Resources worth $257,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in shares of Ramaco Resources by 1,403.7% during the 1st quarter. Russell Investments Group Ltd. now owns 9,052 shares of the company’s stock valued at $64,000 after purchasing an additional 8,450 shares during the last quarter. Nuveen LLC bought a new position in shares of Ramaco Resources during the 1st quarter valued at about $79,000. Barclays PLC boosted its holdings in shares of Ramaco Resources by 19.3% during 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 last quarter. XTX Topco Ltd bought a new position in shares of Ramaco Resources during the 1st quarter valued at about $97,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of 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 purchasing an additional 9,559 shares during the last quarter. Institutional investors own 9.63% of the company’s stock.

Ramaco Resources Stock Down 3.1%

METCB opened at $15.75 on Wednesday. The firm has a 50-day simple moving average of $13.14 and a two-hundred day simple moving average of $9.83. Ramaco Resources, Inc. has a 52 week low of $6.01 and a 52 week high of $20.81. The company has a market capitalization of $869.87 million, a PE ratio of -34.24 and a beta of 0.91. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.36.

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

Ramaco Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be given a dividend of $0.1918 per share. The ex-dividend date is Friday, September 5th. This represents a $0.77 annualized dividend and a dividend yield of 4.9%. This is a positive change from Ramaco Resources’s previous quarterly dividend of $0.18. 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.