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

Natural Resource Partners LP (NYSE:NRP) EVP Kevin Craig bought 336 shares of the stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price 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 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Natural Resource Partners Stock Up 0.6%

NYSE NRP traded up $0.61 on Thursday, reaching $105.32. The stock had a trading volume of 27,501 shares, compared to its average volume of 38,735. Natural Resource Partners LP has a 1 year low of $92.10 and a 1 year high of $128.60. The business has a 50 day moving average price of $115.45 and a 200 day moving average price of $113.24. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 12.38 and a beta of 0.19. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.07.

Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $37.80 million.

Natural Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend 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%.

Analysts Set New Price Targets

A number of brokerages have commented on NRP. Wall Street Zen downgraded 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 report on Monday, May 18th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Natural Resource Partners has an average rating of “Hold”.

Institutional Investors Weigh In On Natural Resource Partners

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its position in Natural Resource Partners by 23.7% during the 1st quarter. Royal Bank of Canada now owns 9,199 shares of the energy company’s stock worth $956,000 after acquiring an additional 1,761 shares during the last quarter. Jump Financial LLC boosted its position in Natural Resource Partners by 8.1% in the 2nd quarter. Jump Financial LLC now owns 2,444 shares of the energy company’s stock valued at $233,000 after buying an additional 184 shares during the last quarter. NewEdge Advisors LLC boosted 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 valued at $25,000 after buying an additional 157 shares during the last quarter. Raymond James Financial Inc. bought a new position in Natural Resource Partners in the 2nd quarter valued at $137,000. Finally, Progeny 3 Inc. boosted its position in Natural Resource Partners by 4.3% in the 2nd quarter. Progeny 3 Inc. now owns 302,550 shares of the energy company’s stock valued at $28,897,000 after buying an additional 12,370 shares during the last quarter. Institutional investors and hedge funds 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.