Ramaco Resources, Inc. $METCB Shares Sold by Comerica Bank

Comerica Bank lowered its stake in shares of Ramaco Resources, Inc. (NASDAQ:METCB) by 60.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,105 shares of the company’s stock after selling 44,092 shares during the period. Comerica Bank owned 0.05% of Ramaco Resources worth $207,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its stake in Ramaco Resources by 12.6% in the 1st quarter. American Century Companies Inc. now owns 196,657 shares of the company’s stock worth $1,398,000 after buying an additional 21,956 shares during the last quarter. Acuitas Investments LLC boosted its stake in Ramaco Resources by 1.6% in the 1st quarter. Acuitas Investments LLC now owns 149,900 shares of the company’s stock worth $1,066,000 after buying an additional 2,362 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Ramaco Resources by 48.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 76,718 shares of the company’s stock worth $758,000 after buying an additional 25,084 shares during the last quarter. Wellington Management Group LLP boosted its stake in Ramaco Resources by 145.3% in the 1st quarter. Wellington Management Group LLP now owns 36,176 shares of the company’s stock worth $257,000 after buying an additional 21,430 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Ramaco Resources by 7.8% in the 1st quarter. Bank of New York Mellon Corp now owns 25,628 shares of the company’s stock worth $182,000 after buying an additional 1,848 shares during the last quarter. 9.63% of the stock is owned by institutional investors and hedge funds.

Ramaco Resources Stock Up 3.5%

Shares of NASDAQ:METCB opened at $15.85 on Thursday. The stock’s 50-day moving average price is $14.12 and its two-hundred day moving average price is $10.10. The company has a current ratio of 1.36, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. Ramaco Resources, Inc. has a 12-month low of $6.01 and a 12-month high of $20.81. The firm has a market cap of $875.40 million, a price-to-earnings ratio of -34.46 and a beta of 0.91.

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

Ramaco Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be issued a $0.1918 dividend. This is a positive change from Ramaco Resources’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, September 5th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 4.8%. Ramaco Resources’s dividend payout ratio (DPR) is -167.39%.

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.