South Dakota Investment Council Has $1.23 Million Stake in Ramaco Resources, Inc. (NASDAQ:METCB)

South Dakota Investment Council decreased its position in shares of Ramaco Resources, Inc. (NASDAQ:METCB) by 6.1% in the fourth quarter, Holdings Channel reports. The fund owned 92,308 shares of the company’s stock after selling 5,998 shares during the period. South Dakota Investment Council’s holdings in Ramaco Resources were worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of METCB. Pekin Hardy Strauss Inc. bought a new position in shares of Ramaco Resources during the 3rd quarter worth about $611,000. Meixler Investment Management Ltd. bought a new position in shares of Ramaco Resources during the 3rd quarter worth about $616,000. Wedge Capital Management L L P NC increased its holdings in shares of Ramaco Resources by 25.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 61,322 shares of the company’s stock worth $816,000 after purchasing an additional 12,320 shares during the period. Finally, Acuitas Investments LLC increased its stake in Ramaco Resources by 524.8% in the third quarter. Acuitas Investments LLC now owns 178,893 shares of the company’s stock valued at $2,134,000 after acquiring an additional 150,262 shares during the period. Institutional investors and hedge funds own 9.63% of the company’s stock.

Ramaco Resources Price Performance

NASDAQ METCB opened at $11.60 on Thursday. The company’s 50-day simple moving average is $12.08 and its 200 day simple moving average is $12.80. Ramaco Resources, Inc. has a twelve month low of $8.50 and a twelve month high of $19.80.

Ramaco Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.2416 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.97 dividend on an annualized basis and a yield of 8.33%.

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.