Natural Resource Partners (NYSE:NRP) VP Gregory 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 Wooten sold 8,607 shares of the company's stock in a transaction dated 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. This trade represents a 23.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Natural Resource Partners Trading Up 1.3%

Shares of NRP stock traded up $1.33 on Wednesday, reaching $102.91. The company had a trading volume of 7,452 shares, compared to its average volume of 23,480. The company has a 50-day moving average of $101.74 and a 200-day moving average of $100.06. Natural Resource Partners LP has a 12 month low of $81.74 and a 12 month high of $113.04. 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 stock has a market cap of $1.33 billion, a PE ratio of 9.67 and a beta of 0.29.

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

Natural Resource Partners Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Natural Resource Partners

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC grew its stake in shares of Natural Resource Partners by 144.0% during the 2nd quarter. NewEdge Advisors LLC now owns 266 shares of the energy company's stock worth $25,000 after acquiring an additional 157 shares in the last quarter. Covestor Ltd grew its stake in shares of Natural Resource Partners by 21.6% during the 1st quarter. Covestor Ltd now owns 940 shares of the energy company's stock worth $98,000 after acquiring an additional 167 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Natural Resource Partners during the 2nd quarter worth approximately $137,000. Formidable Asset Management LLC bought a new position in shares of Natural Resource Partners during the 4th quarter worth approximately $222,000. Finally, Jump Financial LLC grew its stake in shares of Natural Resource Partners by 8.1% during the 2nd quarter. Jump Financial LLC now owns 2,444 shares of the energy company's stock worth $233,000 after acquiring an additional 184 shares in the last quarter. 31.77% of the stock is owned by institutional investors.

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.

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