Barclays PLC Acquires 5,479 Shares of Ramaco Resources, Inc. (NASDAQ:METCB)

Barclays PLC raised its holdings in Ramaco Resources, Inc. (NASDAQ:METCB) by 321.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,184 shares of the company’s stock after buying an additional 5,479 shares during the period. Barclays PLC’s holdings in Ramaco Resources were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Renaissance Technologies LLC boosted its position in shares of Ramaco Resources by 17.3% during the second quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock valued at $716,000 after buying an additional 9,696 shares during the last quarter. 9.63% of the stock is currently owned by institutional investors and hedge funds.

Ramaco Resources Price Performance

NASDAQ METCB opened at $9.47 on Friday. The business has a fifty day simple moving average of $10.19 and a 200 day simple moving average of $10.57. Ramaco Resources, Inc. has a 12 month low of $9.17 and a 12 month high of $13.77.

Ramaco Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.2364 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.95 annualized dividend and a dividend yield of 9.99%. This is an increase from Ramaco Resources’s previous quarterly dividend of $0.22.

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.