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

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 stock was sold at an average price of $16.22, for a total value of $4,044,797.62. Following the sale, the director now directly owns 720,796 shares in the company, valued at approximately $11,691,311.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ramaco Resources Stock Performance

Shares of METCB stock opened at $13.92 on Tuesday. The firm has a fifty day simple moving average of $12.31. Ramaco Resources, Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.80.

Ramaco Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued 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 is Thursday, November 30th.

Institutional Investors Weigh In On Ramaco Resources

A number of large investors have recently modified their holdings of METCB. MetLife Investment Management LLC bought a new position in shares of Ramaco Resources in the 2nd quarter valued at $25,000. JPMorgan Chase & Co. bought a new position in shares of Ramaco Resources in the 2nd quarter valued at $38,000. Strs Ohio bought a new position in Ramaco Resources during the 2nd quarter worth $39,000. California State Teachers Retirement System bought a new position in Ramaco Resources during the 2nd quarter worth $56,000. Finally, Tower Research Capital LLC TRC raised its position 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. Institutional investors and hedge funds 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.