Ramaco Resources, Inc. (NASDAQ:METCB) Shareholders to Get $0.07 Quarterly Dividend

Ramaco Resources, Inc. (NASDAQ:METCB) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Friday, December 4th will be paid a dividend of $0.0742 per share on Friday, December 18th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, December 4th.

Ramaco Resources Stock Performance

Shares of Ramaco Resources stock opened at $4.12 on Wednesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.31 and a current ratio of 4.23. The stock’s fifty day moving average price is $5.03 and its 200-day moving average price is $8.70. Ramaco Resources has a 12 month low of $3.57 and a 12 month high of $17.22.

Ramaco Resources (NASDAQ:METCB) last released its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.32) EPS for the quarter. The company had revenue of $150.09 million during the quarter. Ramaco Resources had a negative return on equity of 13.54% and a negative net margin of 11.98%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in METCB. J. Derek Lewis & Associates Inc. purchased a new stake in Ramaco Resources during the third quarter worth about $282,000. South Dakota Investment Council raised its position in shares of Ramaco Resources by 1.4% during the 1st quarter. South Dakota Investment Council now owns 87,933 shares of the company’s stock worth $897,000 after acquiring an additional 1,237 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ramaco Resources by 8.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 66,814 shares of the company’s stock worth $681,000 after buying an additional 5,408 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in Ramaco Resources by 11,116.7% in the first quarter. Fifth Third Bancorp now owns 15,479 shares of the company’s stock valued at $158,000 after acquiring an additional 15,341 shares in the last quarter. 9.63% of the stock is currently owned by hedge funds and other institutional investors.

Ramaco Resources Company Profile

Ramaco Resources, Inc is a coal company that develops, operates and sells metallurgical coal, a key raw material used in steelmaking. The company produces several grades of metallurgical coal for domestic and international steel and coke markets, with its activities focused primarily on mining, processing and marketing coal.

Ramaco Resources operates in the Central Appalachian region, including assets in southern West Virginia and southwestern Virginia. Its portfolio has included the Elk Creek complex and other development and production properties in the region.