Yorktown Xi Associates Llc Sells 93,574 Shares of Ramaco Resources, Inc. (NASDAQ:METCB) Stock

Ramaco Resources, Inc. (NASDAQ:METCB) major shareholder Yorktown Xi Associates Llc sold 93,574 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $16.22, for a total value of $1,517,770.28. Following the sale, the insider now owns 1,090,529 shares of the company’s stock, valued at approximately $17,688,380.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, November 20th, Yorktown Xi Associates Llc sold 16,961 shares of Ramaco Resources stock. The stock was sold at an average price of $16.46, for a total value of $279,178.06.

Ramaco Resources Stock Down 1.1 %

Shares of NASDAQ:METCB traded down $0.16 during trading on Monday, reaching $13.92. 64,370 shares of the stock were exchanged, compared to its average volume of 67,537. Ramaco Resources, Inc. has a 12 month low of $8.50 and a 12 month high of $19.80. The company’s 50-day moving average is $12.31.

Ramaco Resources Dividend Announcement

The company also recently disclosed 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 is Thursday, November 30th. This represents a $0.99 annualized dividend and a yield of 7.15%.

Institutional Trading of Ramaco Resources

Several institutional investors and hedge funds have recently modified their holdings of the business. MetLife Investment Management LLC bought a new position in Ramaco Resources during the 2nd quarter worth approximately $25,000. JPMorgan Chase & Co. bought a new position in Ramaco Resources during the 2nd quarter worth approximately $38,000. Strs Ohio bought a new position in Ramaco Resources during the 2nd quarter worth approximately $39,000. California State Teachers Retirement System bought a new position in Ramaco Resources during the 2nd quarter worth approximately $56,000. Finally, Tower Research Capital LLC TRC raised its holdings in Ramaco Resources by 595.1% during 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. 9.51% of the stock is currently owned by 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.