SCHEDULE: Yorktown Partners Reduces Ramaco Resources Stake to 5.32%

Yorktown Energy Partners XI, L.P. and its affiliates have reduced their beneficial ownership in Ramaco Resources, Inc. to 5.32% after selling 806,929 shares in March 2026.

Summary

• Yorktown Energy Partners XI, L.P. and its affiliates (the "Reporting Persons") have filed Amendment No. 4 to their Schedule 13D, updating their beneficial ownership in Ramaco Resources, Inc.
• As of March 27, 2026, the Reporting Persons beneficially own 2,979,968 shares of Ramaco Resources' Class A Common Stock, representing 5.32% of the issued and outstanding shares.
• This percentage is based on 55,963,520 shares of Class A Common Stock outstanding as of February 25, 2026, as reported in Ramaco Resources' Form 10-K filed on February 26, 2026.
• Between March 5, 2026, and March 27, 2026, Yorktown Equity Partners XI, L.P. sold a total of 806,929 shares of Class A Common Stock through a series of open market transactions.
• The sales occurred at weighted average prices ranging from $13.4811 to $15.3076 per share.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a moderately negative development, as a significant reduction in stake by a long-term institutional investor can imply a loss of confidence or a strategic shift away from the company, potentially impacting market perception.

Positives

• The sales by Yorktown Energy Partners XI, L.P. occurred at prices generally above $13.48 per share, indicating a favorable market for their divestment.

Negatives

• A significant institutional investor, Yorktown Energy Partners XI, L.P., has reduced its stake in Ramaco Resources, potentially signaling a change in their investment thesis or a move to rebalance their portfolio.
• The reduction in ownership from a substantial holder could be perceived negatively by the market, suggesting a lack of conviction in the company's future prospects by a knowledgeable investor.

Industry Context

StockSavvy.ai notes that a reduction in stake by a long-term institutional investor like Yorktown Partners in a coal producer like Ramaco Resources could reflect broader shifts in energy investment strategies, potentially moving away from fossil fuels, or simply a portfolio rebalancing decision specific to Yorktown's fund lifecycle. The coal industry faces ongoing pressures from environmental regulations and competition from renewable energy sources, making investor sentiment highly sensitive to major shareholder movements.

Comparison to Industry Standards

• This filing primarily details a change in beneficial ownership by an institutional investor, rather than company performance metrics. Therefore, direct comparisons to industry-standard operational or financial benchmarks are not applicable.
• However, StockSavvy.ai observes that significant divestments by major shareholders are common across various industries as funds mature or investment strategies evolve, and are not unique to the energy sector.

Stakeholder Impact

• Shareholders: Existing shareholders may view the reduction in stake by a major investor as a negative signal, potentially leading to downward pressure on the stock price.
• Company Management: Management might need to address investor concerns regarding the reasons for the significant shareholder's divestment.

Key Dates

Recommendation

While a significant institutional investor reducing its stake can be a negative signal, the filing itself does not provide new information about Ramaco Resources' operational or financial performance. The sales by Yorktown Partners could be due to portfolio rebalancing or fund lifecycle considerations rather than a direct negative assessment of Ramaco. Investors should hold and monitor future company performance reports and other market developments before making a definitive buy or sell decision.

Keywords

Ramaco Resources, RMA, Yorktown Energy Partners, Schedule 13D/A, Beneficial Ownership, Share Sales, Institutional Investor, Coal Mining, Energy Sector