Natural Resource Partners (NYSE:NRP) EVP Sells 2,200 Shares of Stock

Natural Resource Partners LP (NYSE:NRP) EVP Gregory Wooten sold 2,200 shares of Natural Resource Partners stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $110.89, for a total transaction of $243,958.00. Following the completion of the transaction, the executive vice president owned 32,634 shares of the company’s stock, valued at $3,618,784.26. This represents a 6.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Natural Resource Partners Stock Up 1.9%

NYSE:NRP traded up $2.14 during trading hours on Friday, hitting $112.46. The company’s stock had a trading volume of 21,929 shares, compared to its average volume of 44,812. The stock has a market capitalization of $1.49 billion, a P/E ratio of 14.34 and a beta of 0.15. The stock has a fifty day moving average of $101.03 and a 200-day moving average of $110.37. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.02. Natural Resource Partners LP has a 52-week low of $95.51 and a 52-week high of $128.60.

Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $1.55. The company had revenue of $52.97 million during the quarter, compared to the consensus estimate of $37.70 million. Natural Resource Partners had a return on equity of 16.65% and a net margin of 57.13%.

Natural Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 18th. Natural Resource Partners’s dividend payout ratio (DPR) is 38.27%.

Institutional Investors Weigh In On Natural Resource Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its position in Natural Resource Partners by 144.0% in the second quarter. NewEdge Advisors LLC now owns 266 shares of the energy company’s stock valued at $25,000 after acquiring an additional 157 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Natural Resource Partners during the second quarter worth about $137,000. Novare Capital Management LLC acquired a new stake in shares of Natural Resource Partners during the fourth quarter worth about $204,000. O Brien Greene & Co. Inc acquired a new stake in shares of Natural Resource Partners during the fourth quarter worth about $209,000. Finally, Jump Financial LLC lifted its holdings in shares of Natural Resource Partners by 8.1% in the 2nd quarter. Jump Financial LLC now owns 2,444 shares of the energy company’s stock valued at $233,000 after purchasing an additional 184 shares during the last quarter. 31.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Natural Resource Partners from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

About Natural Resource Partners

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.