Ramaco Resources, Inc. (NASDAQ:METCB) Major Shareholder Sells $1,517,770.28 in Stock

Ramaco Resources, Inc. (NASDAQ:METCB) major shareholder Yorktown Xi Associates Llc sold 93,574 shares of Ramaco Resources stock in a transaction 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 completion of the sale, the insider now directly 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 is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 shares were sold at an average price of $16.46, for a total value of $279,178.06.

Ramaco Resources Price Performance

NASDAQ:METCB opened at $13.92 on Tuesday. The firm’s 50-day moving average is $12.31. Ramaco Resources, Inc. has a 52-week low of $8.50 and a 52-week high of $19.80.

Ramaco Resources Announces Dividend

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

Institutional Trading of Ramaco Resources

Hedge funds have recently bought and sold shares of the stock. MetLife Investment Management LLC purchased a new position in shares of Ramaco Resources in the second quarter valued at about $25,000. JPMorgan Chase & Co. purchased a new position in shares of Ramaco Resources in the second quarter valued at about $38,000. Strs Ohio purchased a new position in shares of Ramaco Resources in the second quarter valued at about $39,000. California State Teachers Retirement System purchased a new position in shares of Ramaco Resources in the second quarter valued at about $56,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of 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 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.