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Yorktown XI Associates LLC, a significant shareholder in Ramaco Resources, Inc. (NASDAQ:METC), has recently sold shares worth approximately $1.78 million, according to a recent filing. The sales come as the stock trades near its 52-week low of $8.09, with the company’s market capitalization currently standing at $457 million. The transactions involved multiple sales of Class A and Class B Common Stock over three consecutive days, from March 25 to March 27, 2025. Despite the recent selling pressure, InvestingPro analysis shows the company maintains a robust 6.5% dividend yield, offering significant returns to shareholders.
The sales included 56,603 shares of Class A Common Stock on March 25 at an average price of $8.67 per share, with prices ranging from $8.50 to $8.92. The following day, March 26, saw the sale of 72,615 shares at an average price of $8.24, with prices between $8.09 and $8.35. On March 27, 46,268 shares were sold at an average price of $8.34, with a price range from $8.21 to $8.47.
In addition to Class A shares, Yorktown XI Associates also sold Class B Common Stock. On March 25, 10,648 shares were sold at an average price of $7.80, with transaction prices ranging from $7.60 to $8.00. On March 26, 16,886 shares were sold at an average price of $7.42, within a range of $7.25 to $8.16. Finally, on March 27, 13,134 shares were sold at an average price of $7.11, with prices ranging from $7.00 to $7.34.
Following these transactions, Yorktown XI Associates continues to hold a substantial number of shares in Ramaco Resources, with 4,432,261 shares of Class A Common Stock and 1,011,736 shares of Class B Common Stock. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report, which provides detailed analysis of this and 1,400+ other US stocks.
In other recent news, Ramaco Resources reported strong fourth-quarter results, with adjusted earnings per share reaching $0.06, a significant improvement from a loss of $0.03 in the previous quarter. The company also achieved a revenue of $170.9 million, marking a 2% sequential increase. Ramaco’s quarterly sales volume hit a record of over 1.1 million tons, while cash costs decreased to $96 per ton sold, down from $102 in the third quarter. Additionally, the company posted an adjusted EBITDA of $29.2 million, surpassing analysts’ high estimate of $24 million.
In terms of future outlook, Ramaco reaffirmed its production and sales guidance for 2025, with expectations of increased shipments in the second quarter. Analyst Nathan Martin from Benchmark maintained a Buy rating for Ramaco Resources, though he adjusted the stock’s price target from $20.00 to $18.00. The company is also advancing its analysis of rare earth and mineral deposits at its Brook Mine, with technical and economic analysis results anticipated by the end of April. These developments come amidst a reshuffling in Ramaco’s senior management, with E. Forrest Jones, Jr. appointed as the new General Counsel and Evan H. Jenkins elected to the Board as Vice-Chairman.
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