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

Natural Resource Partners LP (NYSE:NRP) EVP Kevin Craig acquired 336 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average price of $102.18 per share, with a total value of $34,332.48. Following the acquisition, the executive vice president owned 47,019 shares of the company’s stock, valued at approximately $4,804,401.42. This trade represents a 0.72% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Natural Resource Partners Trading Down 1.6%

Shares of Natural Resource Partners 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. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 12.20 and a beta of 0.19. The business has a fifty day simple moving average of $114.92 and a 200-day simple moving average of $113.18. Natural Resource Partners LP has a fifty-two week low of $92.10 and a fifty-two week high of $128.60.

Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings data 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. The business had revenue of $47.18 million during the quarter, compared to analyst estimates of $37.80 million. Natural Resource Partners had a return on equity of 18.49% and a net margin of 61.28%.

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 issued a $0.75 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.9%. Natural Resource Partners’s dividend payout ratio is 35.25%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Weiss Ratings lowered Natural Resource Partners from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Wall Street Zen lowered Natural Resource Partners from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Natural Resource Partners

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Natural Resource Partners by 48.2% during the first quarter. Bank of America Corp DE now owns 183,026 shares of the energy company’s stock worth $22,146,000 after purchasing an additional 59,523 shares during the period. Royal Bank of Canada raised its position in shares of Natural Resource Partners by 18.2% during the first quarter. Royal Bank of Canada now owns 18,335 shares of the energy company’s stock worth $2,219,000 after purchasing an additional 2,828 shares during the period. Waverly Advisors LLC acquired a new stake in shares of Natural Resource Partners during the first quarter worth $3,146,000. Morningstar Investment Management LLC acquired a new stake in shares of Natural Resource Partners during the first quarter worth $391,000. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of Natural Resource Partners during the first quarter worth $3,073,000. 31.77% of the stock is owned by institutional investors and hedge funds.

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.