Natural Resource Partners LP (NYSE:NRP) Director Paul B. Murphy, Jr. acquired 3,500 shares of the firm’s stock in a transaction dated Thursday, June 7th. The stock was purchased at an average cost of $32.31 per share, with a total value of $113,085.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Natural Resource Partners opened at $33.70 on Wednesday, according to Marketbeat.com. Natural Resource Partners LP has a one year low of $22.81 and a one year high of $37.70. The stock has a market capitalization of $397.99 million, a PE ratio of 7.15 and a beta of 0.57. The company has a quick ratio of 0.76, a current ratio of 0.84 and a debt-to-equity ratio of 1.99.
Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings data on Wednesday, May 9th. The energy company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.14). Natural Resource Partners had a net margin of 35.10% and a return on equity of 35.05%. The firm had revenue of $89.03 million during the quarter, compared to the consensus estimate of $98.50 million. research analysts forecast that Natural Resource Partners LP will post 4.48 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 14th. Stockholders of record on Monday, May 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date was Friday, May 4th. Natural Resource Partners’s dividend payout ratio (DPR) is presently 38.22%.
NRP has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Natural Resource Partners from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Monday, April 16th. ValuEngine downgraded shares of Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd.
Institutional investors and hedge funds have recently made changes to their positions in the company. Maple Rock Capital Partners Inc. boosted its holdings in shares of Natural Resource Partners by 20.6% during the 4th quarter. Maple Rock Capital Partners Inc. now owns 827,710 shares of the energy company’s stock worth $21,520,000 after buying an additional 141,600 shares during the period. Barclays PLC boosted its holdings in shares of Natural Resource Partners by 37.0% during the 1st quarter. Barclays PLC now owns 185,000 shares of the energy company’s stock worth $5,310,000 after buying an additional 50,000 shares during the period. Deutsche Bank AG bought a new stake in shares of Natural Resource Partners during the 4th quarter worth about $923,000. Renaissance Technologies LLC bought a new stake in shares of Natural Resource Partners during the 4th quarter worth about $923,000. Finally, LPL Financial LLC bought a new stake in shares of Natural Resource Partners during the 1st quarter worth about $245,000. 28.20% of the stock is owned by institutional investors.
About Natural Resource Partners
Natural Resource Partners L.P., through its subsidiaries, owns, operates, manages, and leases mineral properties in the United States. The company operates through three segments: Coal Royalty and Other; Soda Ash; and Construction Aggregates. It owns interests in coal, trona and soda ash, construction aggregates, and other natural resources.
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