Acuitas Investments LLC Buys 7,204 Shares of Ramaco Resources, Inc. (NASDAQ:METCB)

Acuitas Investments LLC grew its holdings in shares of Ramaco Resources, Inc. (NASDAQ:METCB) by 4.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 186,097 shares of the company’s stock after acquiring an additional 7,204 shares during the period. Acuitas Investments LLC’s holdings in Ramaco Resources were worth $2,477,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Pekin Hardy Strauss Inc. bought a new position in shares of Ramaco Resources during the third quarter valued at $611,000. Meixler Investment Management Ltd. bought a new position in shares of Ramaco Resources during the third quarter valued at $616,000. Finally, Wedge Capital Management L L P NC raised its stake in shares of Ramaco Resources by 25.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 61,322 shares of the company’s stock valued at $816,000 after acquiring an additional 12,320 shares during the last quarter. Institutional investors own 9.63% of the company’s stock.

Ramaco Resources Price Performance

Shares of METCB stock traded up $0.30 during trading hours on Wednesday, hitting $11.60. 32,668 shares of the company’s stock traded hands, compared to its average volume of 30,033. Ramaco Resources, Inc. has a 12 month low of $8.50 and a 12 month high of $19.80. The stock’s 50 day simple moving average is $12.09 and its 200 day simple moving average is $12.81.

Ramaco Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.2416 per share. This represents a $0.97 annualized dividend and a dividend yield of 8.33%. The ex-dividend date was Thursday, February 29th.

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.