Natural Resource Partners LP (NRP) EVP Kevin J. Craig Sells 850 Shares of Stock

Natural Resource Partners LP (NYSE:NRP) EVP Kevin J. Craig sold 850 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $25.33, for a total transaction of $21,530.50. Following the completion of 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 SEC, which can be accessed through the SEC website.

Shares of Natural Resource Partners LP (NRP) traded up 1.00% during midday trading on Friday, hitting $25.20. 28,617 shares of the stock were exchanged. The firm has a market cap of $308.25 million, a P/E ratio of 7.09 and a beta of 0.66. The firm has a 50 day moving average of $25.63 and a 200 day moving average of $30.65. Natural Resource Partners LP has a 12-month low of $22.81 and a 12-month high of $45.60.

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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 report on Sunday, July 16th. ValuEngine cut shares of Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. Stifel Nicolaus set a $31.00 price target on shares of Natural Resource Partners and gave the company a “hold” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research cut shares of Natural Resource Partners from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $30.75.

Hedge funds have recently made changes to their positions in the company. Chicago Partners Investment Group LLC boosted its stake in shares of Natural Resource Partners by 1.1% in the first quarter. Chicago Partners Investment Group LLC now owns 4,062 shares of the energy company’s stock valued at $147,000 after purchasing an additional 44 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Natural Resource Partners in the second quarter valued at $254,000. Marshall Wace North America L.P. purchased a new position in shares of Natural Resource Partners in the second quarter valued at $308,000. Bank of America Corp DE boosted its stake in shares of Natural Resource Partners by 5.5% in the first quarter. Bank of America Corp DE now owns 15,188 shares of the energy company’s stock valued at $549,000 after purchasing an additional 790 shares during the period. Finally, Van ECK Associates Corp purchased a new position in shares of Natural Resource Partners in the first quarter valued at $2,607,000. Institutional investors and hedge funds own 20.59% of the company’s stock.

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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