Pekin Hardy Strauss Inc. Sells 30,550 Shares of Ramaco Resources, Inc. (NASDAQ:METCB)

Pekin Hardy Strauss Inc. lowered its position in Ramaco Resources, Inc. (NASDAQ:METCB) by 63.4% in the 3rd quarter, Holdings Channel reports. The firm owned 17,650 shares of the company’s stock after selling 30,550 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Ramaco Resources were worth $190,000 at the end of the most recent quarter.

Separately, American Century Companies Inc. grew its stake in Ramaco Resources by 10.3% in the second 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 in the last quarter. Hedge funds and other institutional investors own 9.63% of the company’s stock.

Ramaco Resources Price Performance

METCB opened at $10.36 on Tuesday. The business’s fifty day simple moving average is $10.53 and its 200-day simple moving average is $10.80. Ramaco Resources, Inc. has a 12-month low of $9.42 and a 12-month high of $16.77.

Ramaco Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.2364 per share. This is an increase from Ramaco Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.95 dividend on an annualized basis and a yield of 9.13%.

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.