Ramaco Resources, Inc. (NASDAQ:METCB) Major Shareholder Yorktown Xi Associates Llc Sells 16,961 Shares

Ramaco Resources, Inc. (NASDAQ:METCB) major shareholder Yorktown Xi Associates Llc sold 16,961 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $16.46, for a total transaction of $279,178.06. Following the transaction, the insider now directly owns 1,090,454 shares in the company, valued at approximately $17,948,872.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Yorktown Xi Associates Llc also recently made the following trade(s):

• On Friday, November 17th, Yorktown Xi Associates Llc sold 93,574 shares of Ramaco Resources stock. The stock was sold at an average price of $16.22, for a total transaction of $1,517,770.28.

Ramaco Resources Stock Down 1.1 %

NASDAQ:METCB traded down $0.16 during trading hours on Monday, reaching $13.92. 64,370 shares of the company were exchanged, 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 company’s 50 day moving average is $12.31.

Ramaco Resources Announces Dividend

The firm also recently announced 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. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date of this dividend is Thursday, November 30th.

Hedge Funds Weigh In On Ramaco Resources

Several hedge funds and other institutional investors have recently made changes to their positions in METCB. MetLife Investment Management LLC purchased a new position in Ramaco Resources in the 2nd quarter worth approximately $25,000. JPMorgan Chase & Co. acquired a new stake in Ramaco Resources in the second quarter valued at approximately $38,000. Strs Ohio acquired a new stake in Ramaco Resources in the second quarter valued at approximately $39,000. California State Teachers Retirement System acquired a new stake in Ramaco Resources in the second quarter valued at approximately $56,000. Finally, Tower Research Capital LLC TRC grew its position in Ramaco Resources by 595.1% in the third quarter. Tower Research Capital LLC TRC now owns 6,881 shares of the company’s stock valued at $82,000 after acquiring an additional 5,891 shares in the last quarter. Institutional investors and hedge funds own 9.51% of the company’s stock.

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.