SCHEDULE 13D/A: Yorktown Partners Reduces Stake in Ramaco Resources to 9.98% Through Open Market Sales
Beneficial Ownership Update
Yorktown Energy Partners XI and its affiliates have reduced their beneficial ownership in Ramaco Resources, Inc. to 9.98% by selling over 400,000 shares in late March.
Summary
- Yorktown Energy Partners XI, L.P., Yorktown XI Company LP, and Yorktown XI Associates LLC (collectively, the "Reporting Persons") have filed Amendment No. 2 to their Schedule 13D regarding their beneficial ownership of Ramaco Resources, Inc.'s Class A Common Stock.
- As of March 31, 2025, the Reporting Persons beneficially own 4,432,261 shares of Ramaco Resources Class A Common Stock, representing 9.98% of the issued and outstanding shares.
- This percentage is based on 44,403,347 shares of Class A Common Stock outstanding as of February 28, 2025, as reported in Ramaco Resources' Form 10-K for the fiscal year ended December 31, 2024.
- Between March 20, 2025, and March 27, 2025, Yorktown XI sold a total of 403,415 shares of Class A Common Stock through a series of open market transactions.
- The sales occurred at weighted-average prices ranging from $8.2408 to $8.9254 per share.
Sentiment
Score: 4
Explanation: The sentiment is slightly negative as a significant investor has reduced their stake, which can be interpreted as a decrease in confidence or a strategic divestment, potentially signaling a less favorable outlook from their perspective.
Negatives
- A significant institutional investor, Yorktown Energy Partners XI, has reduced its stake in Ramaco Resources, Inc. by selling over 400,000 shares.
- The reduction in beneficial ownership from a major holder could be perceived negatively by the market, potentially signaling a decrease in conviction or a strategic portfolio rebalancing.
Risks
- The sale of shares by a large beneficial owner could put downward pressure on the stock price due to increased supply.
- Investor confidence might be negatively impacted if other investors interpret the sale as a lack of confidence in the company's future prospects by a knowledgeable insider.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding Ramaco Resources, Inc.'s future performance or operations.
Industry Context
This filing is a routine disclosure of a change in beneficial ownership by a significant investor and does not provide broader industry context or trends for the coal or energy sector.
Stakeholder Impact
- Shareholders: The reduction in stake by a major investor could lead to concerns about the company's future prospects and potentially influence the stock price negatively.
- Investment Professionals: Provides updated information on a significant institutional investor's position, which may inform their analysis and recommendations for Ramaco Resources.
Key Dates
| Date | Description |
|---|---|
| 02/21/2017 | Initial Schedule 13D filing date by Yorktown Energy Partners XI, L.P. |
| 11/21/2023 | Filing date of Amendment No. 1 to the Schedule 13D. |
| 02/28/2025 | Date as of which 44,403,347 shares of Class A Common Stock were issued and outstanding, used for ownership percentage calculation. |
| 03/17/2025 | Date Ramaco Resources, Inc.'s annual report on Form 10-K for the fiscal year ended December 31, 2024, was filed with the SEC. |
| 03/20/2025 | Start date of open market sales of Class A Common Stock by Yorktown XI (64,546 shares sold at $8.9128). |
| 03/21/2025 | Date of open market sale by Yorktown XI (72,614 shares sold at $8.7115). |
| 03/24/2025 | Date of event which requires filing of this statement; also a date of open market sale by Yorktown XI (90,769 shares sold at $8.9254). |
| 03/25/2025 | Date of open market sale by Yorktown XI (56,603 shares sold at $8.6701). |
| 03/26/2025 | Date of open market sale by Yorktown XI (72,615 shares sold at $8.2408). |
| 03/27/2025 | End date of open market sales by Yorktown XI (46,268 shares sold at $8.3433). |
| 03/31/2025 | Date as of which the Reporting Persons' beneficial ownership is stated; also the signature date of the filing. |
Keywords
Ramaco Resources, Yorktown Energy Partners, Schedule 13D, Beneficial Ownership, Stock Sale, Class A Common Stock, Institutional Investor, SEC Filing
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