Ramaco Resources, Inc. (NASDAQ:METCB) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in shares of Ramaco Resources, Inc. (NASDAQ:METCB – Free Report) by 10.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). ). The fund owned 24,316 shares of the company’s stock after selling 2,738 shares during the period. Bank of New York Mellon Corp’s holdings in Ramaco Resources were worth $264,000 as of its most recent SEC filing.

Separately, Corsair Capital Management LP boosted its holdings in shares of Ramaco Resources by 11.7% in the fourth quarter. Corsair Capital Management LP now owns 79,573 shares of the company’s stock worth $1,059,000 after purchasing an additional 8,328 shares during the last quarter. 9.63% of the shares are currently owned by institutional investors and hedge funds.

Ramaco Resources stock performance

NASDAQ:METCB opened at $10.14 on Friday. The company has a 50-day simple moving average of $10.78 and a 200-day simple moving average of $11.18. Ramaco Resources, Inc. has a 12-month low of $9.42 and a 12-month high of $17.90.

Ramaco Resources (NASDAQ:METCB – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.08 EPS for the quarter. The business had revenue of $155.32 million for the quarter.

Ramaco Resources cuts dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.2246 per share. The ex-dividend date was Friday, August 30. This represents an annualized dividend of $0.90 and a dividend yield of 8.86%.

Ramaco Resources Company Profile

(Free Report)

Ramaco Resources, Inc is engaged in the development, operation and sale of metallurgical coal. Its development portfolio includes the approximately 20,200-acre Elk Creek project located in southern West Virginia; the Berwind property covering approximately 62,500 acres located on the West Virginia-Virginia border; the Knox Creek property, which covers an area of ​​approximately 64,050 acres, is located in Virginia; the Maben property, covering approximately 28,000 acres, located in southwestern Pennsylvania, southern West Virginia; and the Brook Mine property, covering approximately 16,000 acres, located in northeastern Wyoming.

Further reading

Want to see what other hedge funds own METCB? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Ramaco Resources, Inc. (NASDAQ:METCB – Free Report).

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