Natural Resource Partners (NYSE:NRP) EVP Acquires $34,332.48 in Stock

Natural Resource Partners LP (NYSE:NRP) EVP Kevin Craig bought 336 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were acquired at an average cost of $102.18 per share, for a total transaction of $34,332.48. Following the purchase, the executive vice president directly owned 47,019 shares in the company, valued at $4,804,401.42. This represents a 0.72% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Natural Resource Partners Stock Performance

Natural Resource Partners stock traded up $0.61 during mid-day trading on Thursday, hitting $105.32. 27,501 shares of the company’s stock traded hands, compared to its average volume of 38,735. The firm has a 50 day moving average price of $115.45 and a 200 day moving average price of $113.24. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.40 billion, a PE ratio of 12.38 and a beta of 0.19. Natural Resource Partners LP has a one year low of $92.10 and a one year high of $128.60.

Natural Resource Partners (NYSE:NRP) last announced its earnings results on Wednesday, May 6th. The energy company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $0.25 by $1.19. Natural Resource Partners had a return on equity of 18.49% and a net margin of 61.28%.The firm had revenue of $47.18 million for the quarter, compared to the consensus estimate of $37.80 million.

Natural Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 19th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, May 19th. Natural Resource Partners’s payout ratio is currently 35.25%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NRP. NewEdge Advisors LLC grew its holdings in shares of Natural Resource Partners by 144.0% during the second quarter. NewEdge Advisors LLC now owns 266 shares of the energy company’s stock valued at $25,000 after buying an additional 157 shares in the last quarter. Arlington Trust Co LLC purchased a new position in shares of Natural Resource Partners during the fourth quarter valued at $104,000. Raymond James Financial Inc. purchased a new position in shares of Natural Resource Partners during the second quarter valued at $137,000. State of Wyoming grew its holdings in shares of Natural Resource Partners by 65.4% during the third quarter. State of Wyoming now owns 1,871 shares of the energy company’s stock valued at $196,000 after buying an additional 740 shares in the last quarter. Finally, Novare Capital Management LLC purchased a new position in shares of Natural Resource Partners during the fourth quarter valued at $204,000. Hedge funds and other institutional investors own 31.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on NRP. Wall Street Zen cut Natural Resource Partners from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings cut Natural Resource Partners from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Natural Resource Partners Company Profile

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.