Insider Selling: Natural Resource Partners (NYSE:NRP) EVP Sells $243,958.00 in Stock

Natural Resource Partners LP (NYSE:NRP) EVP Gregory Wooten sold 2,200 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $110.89, for a total value of $243,958.00. Following the transaction, the executive vice president directly owned 32,634 shares in the company, valued at $3,618,784.26. This trade represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Natural Resource Partners Price Performance

Shares of Natural Resource Partners stock opened at $112.46 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.12 and a quick ratio of 2.12. Natural Resource Partners LP has a one year low of $95.51 and a one year high of $128.60. The stock has a market capitalization of $1.49 billion, a P/E ratio of 14.34 and a beta of 0.15. The business’s 50 day simple moving average is $101.26 and its two-hundred day simple moving average is $110.30.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings results on Wednesday, August 5th. The energy company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $1.55. Natural Resource Partners had a net margin of 57.13% and a return on equity of 16.65%. The company had revenue of $52.97 million during the quarter, compared to analyst estimates of $37.70 million.

Natural Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 18th. Natural Resource Partners’s dividend payout ratio (DPR) is currently 38.27%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Natural Resource Partners from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in Natural Resource Partners by 48.2% during the 1st quarter. Bank of America Corp DE now owns 183,026 shares of the energy company’s stock valued at $22,146,000 after buying an additional 59,523 shares during the last quarter. Bastion Asset Management Inc. bought a new position in Natural Resource Partners in the first quarter valued at about $2,363,000. Fairholme Capital Management LLC bought a new position in Natural Resource Partners in the fourth quarter valued at about $1,253,000. Waverly Advisors LLC purchased a new position in Natural Resource Partners in the first quarter worth about $3,146,000. Finally, Mizuho Markets Americas LLC bought a new stake in shares of Natural Resource Partners during the 1st quarter valued at about $3,073,000. 31.77% of the stock is owned by hedge funds and other institutional investors.

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.