Ramaco Resources, Inc. (NASDAQ:METCB) Director Peter A. Leidel Sells 28,172 Shares

Ramaco Resources, Inc. (NASDAQ:METCB) Director Peter A. Leidel sold 28,172 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $16.46, for a total transaction of $463,711.12. Following the completion of the sale, the director now owns 729,746 shares of the company’s stock, valued at $12,011,619.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ramaco Resources Price Performance

METCB traded down $0.16 on Monday, hitting $13.92. The company had a trading volume of 64,370 shares, compared to its average volume of 67,537. Ramaco Resources, Inc. has a 52-week low of $8.50 and a 52-week high of $19.80. The business has a fifty day simple moving average of $12.31.

Ramaco Resources Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in shares of Ramaco Resources by 595.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,881 shares of the company’s stock worth $82,000 after purchasing an additional 5,891 shares during the last quarter. Northern Trust Corp raised its position in shares of Ramaco Resources by 5.6% in the 3rd quarter. Northern Trust Corp now owns 43,665 shares of the company’s stock worth $521,000 after purchasing an additional 2,324 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new position in shares of Ramaco Resources in the 3rd quarter worth about $611,000. Meixler Investment Management Ltd. purchased a new position in shares of Ramaco Resources in the 3rd quarter worth about $616,000. Finally, Acuitas Investments LLC raised its stake in shares of Ramaco Resources by 524.8% in the third quarter. Acuitas Investments LLC now owns 178,893 shares of the company’s stock worth $2,134,000 after purchasing an additional 150,262 shares during the last quarter. 9.51% of the stock is owned by hedge funds and other institutional investors.

About Ramaco Resources

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.