Natural Resource Partners LP (NYSE:NRP) EVP Kevin J. Craig sold 850 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $25.33, for a total transaction of $21,530.50. Following the transaction, the executive vice president now directly owns 950 shares of the company’s stock, valued at approximately $24,063.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Natural Resource Partners LP (NYSE NRP) traded up 1.00% on Friday, hitting $25.20. 28,617 shares of the stock traded hands. Natural Resource Partners LP has a 12-month low of $22.81 and a 12-month high of $45.60. The firm’s 50-day moving average price is $25.63 and its 200-day moving average price is $30.65. The stock has a market cap of $308.25 million, a price-to-earnings ratio of 7.09 and a beta of 0.66.
NRP has been the subject of several recent research reports. BidaskClub raised shares of Natural Resource Partners from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 16th. Zacks Investment Research raised shares of Natural Resource Partners from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. ValuEngine lowered shares of Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 7th. Finally, Stifel Nicolaus set a $31.00 price objective on shares of Natural Resource Partners and gave the company a “hold” rating in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.75.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp acquired a new stake in Natural Resource Partners during the 1st quarter worth approximately $2,607,000. Chicago Partners Investment Group LLC increased its position in Natural Resource Partners by 1.1% during the 1st quarter. Chicago Partners Investment Group LLC now owns 4,062 shares of the energy company’s stock worth $147,000 after purchasing an additional 44 shares in the last quarter. Morgan Stanley increased its position in Natural Resource Partners by 488.5% during the 1st quarter. Morgan Stanley now owns 341,621 shares of the energy company’s stock worth $12,350,000 after purchasing an additional 283,574 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in Natural Resource Partners during the 2nd quarter worth approximately $308,000. Finally, Goldman Sachs Group Inc. increased its position in Natural Resource Partners by 16.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 518,356 shares of the energy company’s stock worth $14,281,000 after purchasing an additional 74,138 shares in the last quarter. 20.59% of the stock is owned by hedge funds and other institutional investors.
About Natural Resource Partners
Natural Resource Partners L.P. owns, operates, manages and leases a portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, construction aggregates and other natural resources. Coal Royalty and Other segment consists primarily of coal royalty and coal related transportation and processing assets.
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