Pekin Hardy Strauss Inc. Reduces Stock Holdings in Ramaco Resources, Inc. (NASDAQ:METCB)

Pekin Hardy Strauss Inc. reduced its holdings in Ramaco Resources, Inc. (NASDAQ:METCB) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,200 shares of the company’s stock after selling 3,000 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Ramaco Resources were worth $523,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Global Trust Asset Management LLC boosted its holdings in Ramaco Resources by 1,237.6% during the first quarter. Global Trust Asset Management LLC now owns 14,647 shares of the company’s stock worth $184,000 after buying an additional 13,552 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Ramaco Resources by 17.3% during the second quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock worth $716,000 after buying an additional 9,696 shares in the last quarter. Corsair Capital Management L.P. boosted its holdings in Ramaco Resources by 11.7% during the fourth quarter. Corsair Capital Management L.P. now owns 79,573 shares of the company’s stock worth $1,059,000 after buying an additional 8,328 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Ramaco Resources by 10.3% during the second quarter. American Century Companies Inc. now owns 129,040 shares of the company’s stock worth $1,401,000 after buying an additional 11,997 shares in the last quarter. 9.63% of the stock is owned by hedge funds and other institutional investors.

Ramaco Resources Price Performance

Shares of NASDAQ METCB opened at $9.85 on Wednesday. The company’s fifty day moving average price is $10.89 and its 200 day moving average price is $11.25. Ramaco Resources, Inc. has a 1 year low of $9.42 and a 1 year high of $17.90.

Ramaco Resources (NASDAQ:METCB) last announced its quarterly earnings results 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 business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders 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 yield of 9.12%. The ex-dividend date of this dividend was Friday, August 30th.

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.