Natural Resource Partners
Another stock that insiders are active in here is Natural Resource Partners (NRP - Get Report), which is engaged mainly in the business of owning and managing coal properties in the coal-producing regions of the U.S. Insiders are buying this stock into notable strength, since shares are up 21% in the last three months.
Natural Resource Partners has a market cap of $2.43 billion and an enterprise value of $3.24 billion. This stock trades at a fair valuation, with a trailing price-to-earnings of 11.22 and a forward price-to-earnings of 12.09. Its estimated growth rate for this year is -15%, and for next year it's pegged at 7.6%. This is not a cash-rich company, since the total cash position on its balance sheet is $149.42 million and its total debt is $984.27 million.A director just bought 22,500 shares, or about $490,000 worth of stock, at $21.64 to $21.89 per share. From a technical perspective, NRP is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been trading inside of a consolidation pattern for the last two months, with shares moving between $21.08 on the downside and $23.12 on the upside. A high-volume move above the upper-end of its recent range could trigger a near-term breakout trade for shares of NRP. If you're in the bull camp on NRP, then look for long-biased trades as long as it's trending above its 50-day at $21.06 and then once it breaks out above some near-term overhead resistance levels at $22.45 to $23.12 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 355,508 shares. If that breakout hits soon, then NRP will set up to re-test or possibly take out its next major overhead resistance levels at $23.88 to $25.46. Any high-volume move above those levels will then put $26.74 to $28 into range for shares of NRP.
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