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

Barclays PLC raised its stake in shares of Ramaco Resources, Inc. (NASDAQ:METCB) by 321.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,184 shares of the company’s stock after purchasing 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 (SEC).

Separately, American Century Companies Inc. increased its position in shares of Ramaco Resources by 10.3% during the 2nd quarter. American Century Companies Inc. now owns 129,040 shares of the company’s stock valued at $1,401,000 after purchasing an additional 11,997 shares during the last quarter. Institutional investors own 9.63% of the company’s stock.

Ramaco Resources Stock Performance

Shares of METCB opened at $9.21 on Friday. The business has a fifty day moving average of $9.84 and a 200 day moving average of $10.44. Ramaco Resources, Inc. has a 52-week low of $8.83 and a 52-week high of $13.10.

Ramaco Resources (NASDAQ:METCB) last released its earnings results on Monday, November 4th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $167.41 million for the quarter.

Ramaco Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid 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 was Monday, December 2nd. This represents a $0.95 dividend on an annualized basis and a dividend yield of 10.27%.

Ramaco Resources 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.