Natural Resource Partners (NYSE:NRP) VP Gregory F. Wooten Sells 8,607 Shares

Key Points

• Gregory Wooten, VP of Natural Resource Partners (NYSE:NRP), sold 8,607 shares at an average price of $100.24, reducing his ownership by 23.10% and retaining 28,656 shares valued at approximately $2.87 million.
• The company reported a net margin of 65.19% and earnings per share (EPS) of $2.52 for the last quarter, with revenues totaling $50.10 million.
• Natural Resource Partners announced a quarterly dividend of $0.75 per share, yielding an annualized $3.00 with a dividend payout ratio of 28.20%.

Natural Resource Partners LP (NYSE:NRP - Get Free Report) VP Gregory F. Wooten sold 8,607 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $100.24, for a total transaction of $862,765.68. Following the sale, the vice president owned 28,656 shares in the company, valued at approximately $2,872,477.44. This represents a 23.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Natural Resource Partners Price Performance

NRP traded up $0.46 during midday trading on Monday, hitting $102.30. 38,817 shares of the company traded hands, compared to its average volume of 10,419. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 9.61 and a beta of 0.29. Natural Resource Partners LP has a 52-week low of $86.83 and a 52-week high of $113.04. The business has a 50 day simple moving average of $102.07 and a two-hundred day simple moving average of $100.09.

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

Natural Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 19th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, August 19th. Natural Resource Partners's dividend payout ratio (DPR) is presently 28.20%.

Hedge Funds Weigh In On Natural Resource Partners

Several hedge funds and other institutional investors have recently modified their holdings of the business. MAS Advisors LLC lifted its stake in shares of Natural Resource Partners by 4.3% in the second quarter. MAS Advisors LLC now owns 3,375 shares of the energy company's stock worth $322,000 after buying an additional 140 shares in the last quarter. NewEdge Advisors LLC raised its stake in Natural Resource Partners by 144.0% during the second quarter. NewEdge Advisors LLC now owns 266 shares of the energy company's stock worth $25,000 after purchasing an additional 157 shares during the period. Covestor Ltd raised its stake in Natural Resource Partners by 21.6% during the first quarter. Covestor Ltd now owns 940 shares of the energy company's stock worth $98,000 after purchasing an additional 167 shares during the period. Jump Financial LLC raised its stake in Natural Resource Partners by 8.1% during the second quarter. Jump Financial LLC now owns 2,444 shares of the energy company's stock worth $233,000 after purchasing an additional 184 shares during the period. Finally, Pekin Hardy Strauss Inc. raised its stake in Natural Resource Partners by 1.0% during the first quarter. Pekin Hardy Strauss Inc. now owns 19,975 shares of the energy company's stock worth $2,075,000 after purchasing an additional 200 shares during the period. 31.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Natural Resource Partners from a "hold" rating to a "buy" rating in a report on Saturday, August 9th.

Natural Resource Partners Company Profile

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.