Ramaco Resources (NASDAQ:METCB) Stock Price Down 5.4% – Should You Sell?

Shares of Ramaco Resources, Inc. (NASDAQ:METCB) fell 5.4% during mid-day trading on Wednesday . The company traded as low as $10.28 and last traded at $10.28. 23,918 shares changed hands during mid-day trading, a decline of 0% from the average session volume of 23,931 shares. The stock had previously closed at $10.87.

Ramaco Resources Stock Down 4.0 %

The business has a 50 day moving average price of $10.54 and a 200-day moving average price of $10.83.

Ramaco Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.2364 per share. This represents a $0.95 dividend on an annualized basis and a yield of 9.59%. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Ramaco Resources’s previous quarterly dividend of $0.22.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in METCB. Barclays PLC lifted its holdings in shares of Ramaco Resources by 321.3% in the 3rd quarter. Barclays PLC now owns 7,184 shares of the company’s stock worth $77,000 after purchasing an additional 5,479 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Ramaco Resources by 17.3% in the 2nd quarter. Renaissance Technologies LLC now owns 65,900 shares of the company’s stock worth $716,000 after purchasing an additional 9,696 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Ramaco Resources by 10.3% in the 2nd quarter. American Century Companies Inc. now owns 129,040 shares of the company’s stock worth $1,401,000 after purchasing an additional 11,997 shares during the last quarter. Institutional investors and hedge funds own 9.63% of the company’s stock.

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.