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

Ramaco Resources, Inc. (NASDAQ:METCB) Director Peter A. Leidel sold 249,371 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $16.22, for a total value of $4,044,797.62. Following the completion of the sale, the director now owns 720,796 shares of the company’s stock, valued at approximately $11,691,311.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ramaco Resources Stock Performance

Shares of NASDAQ:METCB opened at $13.92 on Tuesday. The firm’s fifty day simple moving average is $12.31. Ramaco Resources, Inc. has a 1 year low of $8.50 and a 1 year high of $19.80.

Ramaco Resources Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 7.15%. The ex-dividend date is Thursday, November 30th.

Institutional Investors Weigh In On Ramaco Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Yorktown Energy Partners IX L.P. purchased a new stake in shares of Ramaco Resources in the second quarter worth about $11,903,000. Yorktown Energy Partners XI L.P. acquired a new stake in shares of Ramaco Resources in the second quarter valued at $11,856,000. Yorktown Energy Partners X L.P. purchased a new position in Ramaco Resources in the second quarter valued at $7,836,000. BlackRock Inc. purchased a new stake in Ramaco Resources during the 2nd quarter worth about $3,434,000. Finally, Acuitas Investments LLC increased its position in shares of Ramaco Resources by 524.8% during the third quarter. Acuitas Investments LLC now owns 178,893 shares of the company’s stock worth $2,134,000 after purchasing an additional 150,262 shares in the last quarter. 9.51% of the stock is 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.