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Yorktown Energy Partners XI, L.P., a significant stakeholder in Ramaco Resources, Inc. (NASDAQ:METC), has recently sold a substantial amount of the company’s stock. The transactions, disclosed in a recent SEC filing, reveal that Yorktown Energy Partners divested shares worth approximately $2.23 million. According to InvestingPro data, Ramaco Resources, with a market capitalization of $487 million, currently trades below its Fair Value while offering a substantial 6.13% dividend yield.
The sales occurred over three days, with transactions involving both Class A and Class B common stock. On March 20, Yorktown sold 64,546 shares of Class A stock at an average price of $8.9128 and 7,856 shares of Class B stock at an average price of $8.0887. The following day, they sold 72,614 shares of Class A stock at an average price of $8.7115 and 11,257 shares of Class B stock at $7.992. On March 24, the firm sold 90,769 shares of Class A stock at an average price of $8.9254 and 7,505 shares of Class B stock at $7.9672. Despite these sales, InvestingPro analysis shows the company maintains a GOOD financial health score, with management actively engaging in share buybacks.
After these transactions, Yorktown Energy Partners continues to hold a significant stake in Ramaco Resources, with 4,607,747 shares of Class A stock and 1,052,404 shares of Class B stock remaining. Analysts maintain a Strong Buy consensus on the stock, with detailed analysis available in the comprehensive Pro Research Report on InvestingPro, which covers over 1,400 US equities.
In other recent news, Ramaco Resources reported strong fourth-quarter results, with adjusted earnings per share reaching $0.06, a significant improvement from the previous quarter’s loss of $0.03. The company achieved revenue of $170.9 million, marking a 2% increase from the prior quarter. Ramaco’s record sales volume of over 1.1 million tons and reduced cash costs to $96 per ton contributed to a 24% increase in adjusted EBITDA, totaling $29.2 million. The company has maintained its production and sales guidance for 2025, anticipating sales of 4.4-4.8 million tons. Benchmark analyst Nathan Martin revised Ramaco’s stock target to $18, down from $20, while maintaining a Buy rating. Additionally, Ramaco is progressing with its rare earth and mineral deposit analysis at the Brook Mine, with a full report expected by the end of April. In a management reshuffle, E. Forrest Jones, Jr. will become the new General Counsel, and Evan H. Jenkins has been appointed Vice-Chairman of the Board. These developments reflect Ramaco’s strategic efforts to enhance its operational and leadership capabilities.
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