Natural Resource Partners (NYSE:NRP) Sets New 12-Month Low – Here’s What Happened

Natural Resource Partners LP (NYSE:NRP) hit a new 52-week low during trading on Friday . The stock traded as low as $96.16 and last traded at $96.5950, with a volume of 21449 shares. The stock had previously closed at $97.82.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Natural Resource Partners from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 18th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Natural Resource Partners Price Performance

The company’s 50 day moving average price is $102.69 and its 200-day moving average price is $112.62. 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 stock has a market cap of $1.28 billion, a P/E ratio of 11.35 and a beta of 0.15.

Natural Resource Partners (NYSE:NRP) last announced its earnings results on Wednesday, May 6th. The energy company reported $1.44 EPS for the quarter, beating the consensus estimate of $0.25 by $1.19. The business had revenue of $47.18 million for the quarter, compared to analysts’ expectations 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, May 19th. Natural Resource Partners’s payout ratio is presently 35.25%.

Insider Buying and Selling

In other Natural Resource Partners news, EVP Kevin J. Craig acquired 336 shares of the 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 acquisition, the executive vice president owned 47,019 shares in the company, valued at approximately $4,804,401.42. This represents a 0.72% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 35.30% of the company’s stock.

Institutional Trading of Natural Resource Partners

Several institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its position in 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 purchasing an additional 157 shares in the last quarter. Arlington Trust Co LLC purchased a new stake in shares of Natural Resource Partners during the 4th quarter valued at approximately $104,000. Raymond James Financial Inc. bought a new position in shares of Natural Resource Partners in the second quarter valued at approximately $137,000. Novare Capital Management LLC purchased a new position in shares of Natural Resource Partners during the fourth quarter worth about $204,000. Finally, O Brien Greene & Co. Inc bought a new position in shares of Natural Resource Partners during the 4th quarter valued at about $209,000. Institutional investors own 31.77% of the company’s stock.

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.