Insider Selling: Natural Resource Partners (NYSE:NRP) EVP Sells 2,200 Shares of Stock

Key Points

• Executive Vice President Gregory Wooten sold 2,200 NRP shares at an average price of $110.89, generating $243,958 and reducing his direct holdings by 6.32% to 32,634 shares.
• Natural Resource Partners shares rose 1.9% to $112.46, while the company reported quarterly EPS of $1.85—well above the $0.30 consensus estimate—and revenue of $52.97 million.
• The partnership paid a quarterly dividend of $0.75 per share, equivalent to $3.00 annually and a 2.7% yield; analysts maintain a “Hold” consensus, and institutional investors own 31.77% of the stock.

Natural Resource Partners LP (NYSE:NRP - Get Free Report) EVP Gregory Wooten sold 2,200 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $110.89, for a total transaction of $243,958.00. Following the transaction, the executive vice president directly owned 32,634 shares of the company's stock, valued at $3,618,784.26. The trade was a 6.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Natural Resource Partners Trading Up 1.9%

Natural Resource Partners stock traded up $2.14 during trading on Friday, hitting $112.46. The company had a trading volume of 21,929 shares, compared to its average volume of 44,812. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 14.34 and a beta of 0.15. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.02. Natural Resource Partners LP has a 1-year low of $95.51 and a 1-year high of $128.60. The company's 50 day simple moving average is $101.03 and its 200-day simple moving average is $110.37.

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

Natural Resource Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 18th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $3.00 annualized dividend and a yield of 2.7%. Natural Resource Partners's dividend payout ratio is presently 38.27%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Natural Resource Partners from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold".

Institutional Investors Weigh In On Natural Resource Partners

A number of hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley boosted its position in Natural Resource Partners by 14.3% in the 4th quarter. Morgan Stanley now owns 1,006,232 shares of the energy company's stock valued at $105,051,000 after buying an additional 125,530 shares during the period. Goldman Sachs Group Inc. grew its stake in Natural Resource Partners by 9.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 748,185 shares of the energy company's stock worth $78,111,000 after purchasing an additional 63,350 shares in the last quarter. Corient Private Wealth LLC grew its stake in Natural Resource Partners by 12,329.6% during the 2nd quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company's stock worth $59,357,000 after purchasing an additional 616,478 shares in the last quarter. Progeny 3 Inc. increased its holdings in Natural Resource Partners by 3.3% during the 3rd quarter. Progeny 3 Inc. now owns 312,523 shares of the energy company's stock worth $32,815,000 after purchasing an additional 9,973 shares during the period. Finally, UBS Group AG increased its holdings in Natural Resource Partners by 5.9% during the 3rd quarter. UBS Group AG now owns 214,771 shares of the energy company's stock worth $22,551,000 after purchasing an additional 12,055 shares during the period. 31.77% of the stock is currently owned by institutional investors and hedge funds.

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.

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