Ramaco Resources, Inc. (NASDAQ:METCB) Director Peter A. Leidel Sells 249,371 Shares

Ramaco Resources, Inc. (NASDAQ:METCB) Director Peter A. Leidel sold 249,371 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $16.22, for a total value of $4,044,797.62. Following the transaction, the director now owns 720,796 shares in the company, valued at approximately $11,691,311.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ramaco Resources Trading Down 1.1 %

NASDAQ:METCB traded down $0.16 during midday trading on Monday, reaching $13.92. The stock had a trading volume of 64,370 shares, compared to its average volume of 67,537. Ramaco Resources, Inc. has a 1-year low of $8.50 and a 1-year high of $19.80. The business has a fifty day moving average price of $12.31.

Ramaco Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.2487 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.15%.

Institutional Trading of Ramaco Resources

Several hedge funds have recently added to or reduced their stakes in the business. Yorktown Energy Partners IX L.P. bought a new position in Ramaco Resources during the second quarter worth $11,903,000. Yorktown Energy Partners XI L.P. bought a new stake in shares of Ramaco Resources during the second quarter valued at approximately $11,856,000. Yorktown Energy Partners X L.P. bought a new stake in shares of Ramaco Resources during the second quarter valued at approximately $7,836,000. BlackRock Inc. bought a new stake in shares of Ramaco Resources during the second quarter valued at approximately $3,434,000. Finally, Acuitas Investments LLC increased its position in shares of Ramaco Resources by 524.8% during the third quarter. Acuitas Investments LLC now owns 178,893 shares of the company’s stock valued at $2,134,000 after purchasing an additional 150,262 shares during the period. Institutional investors own 9.51% of the company’s stock.

Ramaco Resources Company Profile

Ramaco Resources, Inc operates, develops, and sells metallurgical coal. Its development portfolio includes the Elk Creek project located in southern West Virginia; the Berwind property situated on the border of West Virginia and Virginia; the Knox Creek property is located in Virginia; and the RAM Mine property situated in southwestern Pennsylvania.