METC.NASDAQRamaco Resources, INC

SCHEDULE 13D/A: Yorktown Partners Significantly Reduces Stake in Ramaco Resources to 8.25%

Sentiment:

Ownership Disclosure Amendment

📋All filings for Ramaco Resources, INC
🔒Login to Follow

Yorktown Energy Partners IX, L.P. and its affiliates have filed an Amendment No. 10 to their Schedule 13D, reporting a reduction in their beneficial ownership of Ramaco Resources, Inc. Class A Common Stock to 8.25% as of March 31, 2025, following recent share sales and a distribution.

Worse than expectedYorktown Energy Partners IX, L.P. and its affiliates reduced their beneficial ownership in Ramaco Resources, Inc. from a previously higher stake (implied by Amendment No. 10) to 8.25%.This reduction includes the sale of 329,943 shares in open market transactions and a distribution of 900,000 shares to partners.A significant reduction in stake by a major institutional investor can be perceived as a negative signal regarding their long-term conviction or valuation assessment of the company.

Summary

  • Yorktown Energy Partners IX, L.P., Yorktown IX Company LP, and Yorktown IX Associates LLC (the "Reporting Persons") have filed Amendment No. 10 to their Schedule 13D regarding their ownership in Ramaco Resources, Inc.
  • As of March 31, 2025, the Reporting Persons beneficially own 3,662,881 shares of Ramaco Resources, Inc. Class A Common Stock.
  • This represents 8.25% of the issued and outstanding Class A Common Stock, based on 44,403,347 shares outstanding as of February 28, 2025, as reported in Ramaco's annual report on Form 10-K filed March 17, 2025.
  • From March 20, 2025, through March 27, 2025, Yorktown IX sold a total of 329,943 shares in a series of open market transactions.
  • The weighted average prices for these sales ranged from $8.2408 to $8.9254 per share.
  • Additionally, on December 10, 2024, Yorktown IX distributed 900,000 shares of Class A Common Stock to its general and limited partners.

Sentiment

Score: 4

Explanation: The filing reports a significant reduction in beneficial ownership by a major institutional investor through both open market sales and a distribution, which could be interpreted as a less favorable outlook by that investor.

Negatives

  • A significant institutional investor, Yorktown Energy Partners IX, L.P., has reduced its beneficial ownership in Ramaco Resources, Inc. from a previously larger stake to 8.25%.
  • This reduction includes the sale of 329,943 shares in open market transactions and a distribution of 900,000 shares to its partners, indicating a divestment of a substantial portion of their holding.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

  • Shareholders: The reduction in a significant institutional stake might lead to concerns about institutional confidence or potential selling pressure on the stock.

Key Dates

DateDescription
02/21/2017Original Schedule 13D filed by Yorktown Energy Partners IX, L.P. and its affiliates.
10/22/2018Amendment No. 1 to Schedule 13D filed.
03/28/2019Amendment No. 2 to Schedule 13D filed.
05/31/2019Amendment No. 3 to Schedule 13D filed.
11/08/2021Amendment No. 4 to Schedule 13D filed.
03/08/2022Amendment No. 5 to Schedule 13D filed.
05/19/2022Amendment No. 6 to Schedule 13D filed.
05/26/2022Amendment No. 7 to Schedule 13D filed.
06/02/2022Amendment No. 8 to Schedule 13D filed.
12/10/2024Date of event requiring filing; Yorktown IX distributed 900,000 shares of Class A Common Stock to its general and limited partners.
11/21/2023Amendment No. 9 to Schedule 13D filed.
02/28/2025Date as of which 44,403,347 shares of Class A Common Stock were outstanding, as reported in Ramaco's 10-K.
03/17/2025Date Ramaco Resources, Inc.'s annual report on Form 10-K for the fiscal year ended December 31, 2024, was filed with the SEC.
03/20/2025Yorktown IX began selling shares of Class A Common Stock in open market transactions.
03/27/2025Yorktown IX concluded selling shares of Class A Common Stock in open market transactions.
03/31/2025Date as of which the Reporting Persons' beneficial ownership is reported; also the signature date of the filing.

Keywords

Ramaco Resources, Yorktown Energy Partners, Schedule 13D, beneficial ownership, share sales, institutional investor, ownership disclosure, Class A Common Stock

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.