Ramaco Resources, Inc. (NASDAQ:METCB) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. raised its stake in Ramaco Resources, Inc. (NASDAQ:METCB) by 10.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,040 shares of the company’s stock after purchasing an additional 11,997 shares during the period. American Century Companies Inc.’s holdings in Ramaco Resources were worth $1,401,000 as of its most recent SEC filing.

Separately, Corsair Capital Management L.P. boosted its holdings in shares of Ramaco Resources by 11.7% in the 4th quarter. Corsair Capital Management L.P. now owns 79,573 shares of the company’s stock valued at $1,059,000 after buying an additional 8,328 shares in the last quarter. 9.63% of the stock is owned by institutional investors and hedge funds.

Ramaco Resources Stock Up 3.9 %

NASDAQ METCB opened at $10.54 on Monday. The firm’s fifty day moving average price is $10.77 and its 200 day moving average price is $11.15. Ramaco Resources, Inc. has a 12 month low of $9.42 and a 12 month high of $17.90.

Ramaco Resources (NASDAQ:METCB) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $155.32 million for the quarter.

Ramaco Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.2246 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date was Friday, August 30th.

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.