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

Natural Resource Partners LP (NYSE:NRP) EVP Kevin Craig acquired 336 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were acquired at an average price of $102.18 per share, for a total transaction of $34,332.48. Following the completion of the acquisition, the executive vice president directly owned 47,019 shares in the company, valued at $4,804,401.42. The trade was a 0.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Natural Resource Partners Price Performance

NRP stock opened at $103.82 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.07. Natural Resource Partners LP has a 52-week low of $92.10 and a 52-week high of $128.60. The stock’s 50 day moving average is $114.92 and its two-hundred day moving average is $113.18. The company has a market capitalization of $1.38 billion, a PE ratio of 12.20 and a beta of 0.19.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.44 earnings per share (EPS) for the quarter, topping 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 company had revenue of $47.18 million for the quarter, compared to the consensus estimate of $37.80 million.

Natural Resource Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.00 annualized dividend and a yield of 2.9%. Natural Resource Partners’s payout ratio is currently 35.25%.

Analyst Ratings Changes

NRP has been the subject of several research reports. Wall Street Zen lowered Natural Resource Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings lowered Natural Resource Partners from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC grew its position in shares of Natural Resource Partners by 144.0% in the 2nd quarter. NewEdge Advisors LLC now owns 266 shares of the energy company’s stock worth $25,000 after acquiring an additional 157 shares in the last quarter. Arlington Trust Co LLC acquired a new position in shares of Natural Resource Partners in the 4th quarter worth approximately $104,000. Raymond James Financial Inc. acquired a new position in shares of Natural Resource Partners in the 2nd quarter worth approximately $137,000. State of Wyoming grew its position in shares of Natural Resource Partners by 65.4% in the 3rd quarter. State of Wyoming now owns 1,871 shares of the energy company’s stock worth $196,000 after acquiring an additional 740 shares in the last quarter. Finally, Novare Capital Management LLC acquired a new position in shares of Natural Resource Partners in the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 31.77% of the company’s stock.

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.