Natural Resource Partners (NYSE:NRP) EVP Kevin Craig Purchases 336 Shares

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

Natural Resource Partners Trading Up 0.6%

NRP opened at $105.32 on Friday. The company’s 50 day moving average is $115.19 and its 200-day moving average is $113.24. Natural Resource Partners LP has a 1-year low of $92.10 and a 1-year high of $128.60. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.40 billion, a P/E ratio of 12.38 and a beta of 0.19.

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

Natural Resource Partners Dividend Announcement

The business also recently declared 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 was Tuesday, May 19th. Natural Resource Partners’s dividend payout ratio (DPR) is presently 35.25%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Annandale Capital LLC raised its holdings in Natural Resource Partners by 0.4% during the 4th quarter. Annandale Capital LLC now owns 26,207 shares of the energy company’s stock worth $2,736,000 after purchasing an additional 107 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Natural Resource Partners by 144.0% during the 2nd quarter. NewEdge Advisors LLC now owns 266 shares of the energy company’s stock worth $25,000 after purchasing an additional 157 shares during the last quarter. Jump Financial LLC raised its holdings in Natural Resource Partners by 8.1% during the 2nd quarter. Jump Financial LLC now owns 2,444 shares of the energy company’s stock worth $233,000 after purchasing an additional 184 shares during the last quarter. Novare Capital Management LLC raised its holdings in Natural Resource Partners by 11.5% during the 1st quarter. Novare Capital Management LLC now owns 2,175 shares of the energy company’s stock worth $263,000 after purchasing an additional 225 shares during the last quarter. Finally, First Foundation Advisors raised its holdings in Natural Resource Partners by 3.2% during the 3rd quarter. First Foundation Advisors now owns 7,941 shares of the energy company’s stock worth $834,000 after purchasing an additional 245 shares during the last quarter. Institutional investors own 31.77% of the company’s stock.

Analysts Set New Price Targets

NRP has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of Natural Resource Partners from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Wall Street Zen downgraded shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus 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.