Barclays PLC boosted its position in shares of Natural Resource Partners LP (NYSE:NRP) by 37.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,000 shares of the energy company’s stock after buying an additional 50,000 shares during the period. Barclays PLC owned 1.51% of Natural Resource Partners worth $5,310,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Maple Rock Capital Partners Inc. grew its position in shares of Natural Resource Partners by 20.6% in the fourth quarter. Maple Rock Capital Partners Inc. now owns 827,710 shares of the energy company’s stock valued at $21,520,000 after purchasing an additional 141,600 shares in the last quarter. Deutsche Bank AG acquired a new position in Natural Resource Partners in the fourth quarter valued at approximately $923,000. Finally, Renaissance Technologies LLC acquired a new position in Natural Resource Partners during the fourth quarter worth $923,000. Institutional investors own 28.20% of the company’s stock.
In other news, Director Paul B. Murphy, Jr. acquired 3,500 shares of the company’s stock in a transaction on Thursday, June 7th. The shares were bought at an average price of $32.31 per share, with a total value of $113,085.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 39.00% of the company’s stock.
A number of research firms have commented on NRP. ValuEngine cut Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded Natural Resource Partners from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Monday, April 23rd.
Natural Resource Partners opened at $31.40 on Friday, Marketbeat Ratings reports. Natural Resource Partners LP has a twelve month low of $22.81 and a twelve month high of $37.70. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.84. The firm has a market cap of $391.87 million, a PE ratio of 6.67 and a beta of 0.57.
Natural Resource Partners (NYSE:NRP) last posted its earnings results on Wednesday, May 9th. The energy company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.14). The business had revenue of $89.03 million during the quarter, compared to analysts’ expectations of $98.50 million. Natural Resource Partners had a net margin of 35.10% and a return on equity of 35.05%. analysts predict that Natural Resource Partners LP will post 4.48 EPS for the current year.
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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