Geode Capital Management LLC Has $2.34 Million Stock Position in Ramaco Resources, Inc. (NASDAQ:METCB)

Geode Capital Management LLC lessened its holdings in shares of Ramaco Resources, Inc. (NASDAQ:METCB) by 14.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 217,488 shares of the company’s stock after selling 36,815 shares during the quarter. Geode Capital Management LLC’s holdings in Ramaco Resources were worth $2,341,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. American Century Companies Inc. increased its stake in Ramaco Resources by 10.3% during the 2nd quarter. American Century Companies Inc. now owns 129,040 shares of the company’s stock worth $1,401,000 after purchasing an additional 11,997 shares in the last quarter. Renaissance Technologies LLC lifted its position in Ramaco Resources by 17.3% in the 2nd quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock valued at $716,000 after acquiring an additional 9,696 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Ramaco Resources by 321.3% in the third quarter. Barclays PLC now owns 7,184 shares of the company’s stock valued at $77,000 after purchasing an additional 5,479 shares in the last quarter. Institutional investors and hedge funds own 9.63% of the company’s stock.

Ramaco Resources Trading Down 1.8 %

NASDAQ:METCB opened at $9.56 on Wednesday. Ramaco Resources, Inc. has a 52-week low of $9.17 and a 52-week high of $13.77. The stock has a 50-day simple moving average of $10.21 and a 200 day simple moving average of $10.57.

Ramaco Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.2364 per share. This is a boost from Ramaco Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.95 annualized dividend and a yield of 9.89%.

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.