Natural Resource Partners (NYSE:NRP) Given Buy (B-) Rating at Weiss Ratings

Key Points

• Natural Resource Partners received a restated "buy (B-)" rating from Weiss Ratings and was also upgraded by Wall Street Zen from a "hold" to a "buy" rating.
• The company's stock price increased by 1.8%, currently trading at $103.67, with a market cap of $1.34 billion and a PE ratio of 9.74.
• Insider trading activity indicated a significant sale, with VP Gregory F. Wooten selling 8,607 shares, reducing his position by 23.10%, while institutional investors have been actively increasing their stakes in the company.

Natural Resource Partners (NYSE:NRP - Get Free Report)'s stock had its "buy (b-)" rating restated by stock analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Natural Resource Partners from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy".

Natural Resource Partners Stock Up 1.8%

Natural Resource Partners stock opened at $103.67 on Friday. Natural Resource Partners has a 1-year low of $86.83 and a 1-year high of $113.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market cap of $1.34 billion, a PE ratio of 9.74 and a beta of 0.29. The stock's fifty day moving average is $104.00 and its two-hundred day moving average is $100.57.

Natural Resource Partners (NYSE:NRP - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The energy company reported $2.52 earnings per share (EPS) for the quarter. Natural Resource Partners had a return on equity of 27.76% and a net margin of 65.19%.The company had revenue of $50.10 million for the quarter.

Insider Buying and Selling

In other Natural Resource Partners news, VP Gregory F. Wooten sold 8,607 shares of Natural Resource Partners stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $100.24, for a total value of $862,765.68. Following the completion of the sale, the vice president directly owned 28,656 shares of the company's stock, valued at approximately $2,872,477.44. The trade was a 23.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 NRP. Solidarity Wealth LLC boosted its position in Natural Resource Partners by 5.7% during the 3rd quarter. Solidarity Wealth LLC now owns 197,045 shares of the energy company's stock worth $20,690,000 after purchasing an additional 10,652 shares during the period. Avalon Capital Management purchased a new stake in Natural Resource Partners during the 3rd quarter worth $210,000. Guyasuta Investment Advisors Inc. purchased a new stake in Natural Resource Partners during the 3rd quarter worth $258,000. Exchange Traded Concepts LLC boosted its position in Natural Resource Partners by 65.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 11,779 shares of the energy company's stock worth $1,237,000 after purchasing an additional 4,646 shares during the period. Finally, Corient Private Wealth LLC boosted its position 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 during the period. 31.77% of the stock is owned by hedge funds and other institutional investors.

About Natural Resource Partners

Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.

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