Ramaco Resources, Inc. (NASDAQ:METCB) Director Sells $4,044,797.62 in Stock

Ramaco Resources, Inc. (NASDAQ:METCB) Director Peter A. Leidel sold 249,371 shares of Ramaco Resources stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $16.22, for a total transaction of $4,044,797.62. Following the completion of the sale, the director now directly owns 720,796 shares in the company, valued at approximately $11,691,311.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ramaco Resources Trading Down 1.1 %

NASDAQ:METCB opened at $13.92 on Tuesday. The business has a 50 day moving average of $12.31. Ramaco Resources, Inc. has a 12 month low of $8.50 and a 12 month high of $19.80.

Ramaco Resources Announces Dividend

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

Institutional Investors Weigh In On Ramaco Resources

Hedge funds have recently modified their holdings of the stock. Yorktown Energy Partners IX L.P. bought a new stake in Ramaco Resources during the 2nd quarter valued at $11,903,000. Yorktown Energy Partners XI L.P. bought a new stake in Ramaco Resources during the 2nd quarter valued at $11,856,000. Yorktown Energy Partners X L.P. bought a new stake in Ramaco Resources during the 2nd quarter valued at $7,836,000. BlackRock Inc. bought a new stake in Ramaco Resources during the 2nd quarter valued at $3,434,000. Finally, Acuitas Investments LLC raised its holdings in Ramaco Resources by 524.8% during the 3rd quarter. Acuitas Investments LLC now owns 178,893 shares of the company’s stock valued at $2,134,000 after acquiring an additional 150,262 shares during the period. Institutional investors 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.