Corsair Capital Management L.P. Has $772,000 Stock Holdings in Ramaco Resources, Inc. (NASDAQ:METCB)

Posted by William Tyler on Nov 27th, 2024

Corsair Capital Management L.P. reduced its stake in Ramaco Resources, Inc. (NASDAQ:METCB – Free Report) by 1.4% during the third quarter, Holdings Channel.com reports. The fund owned 71,792 shares of the company’s stock after selling 1,000 shares during the period. Corsair Capital Management L.P.’s holdings in Ramaco Resources were worth $772,000 at the end of the most recent quarter.

Separately, Renaissance Technologies LLC lifted its stake 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 valued at $716,000 after purchasing an additional 9,696 shares during the period. Institutional investors and hedge funds own 9.63% of the company’s stock.

Ramaco Resources Price Performance

Shares of METCB opened at $10.15 on Wednesday. Ramaco Resources, Inc. has a 52-week low of $9.42 and a 52-week high of $16.77. The business’s 50 day moving average price is $10.55 and its two-hundred day moving average price is $10.78.

Ramaco Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.2364 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 9.32%. This is a boost from Ramaco Resources’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, December 2nd.

About Ramaco Resources

(Free Report)

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.