The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $192.1K by S. Reed Morian, Director at Natural Resources Partners L.P. (NRP).Morian bets big on NRP:
|12/11/2014||S. Reed Morian||Director||20,000||$9.60||$192,093.98|
The current annualized dividend paid by Natural Resources Partners L.P. is $0.36/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/01/2015. Below is a long-term dividend history chart for NRP, which can be of good help in judging whether the most recent dividend with approx. 9.1% annualized yield is likely to continue.According to the ETF Finder at ETF Channel, NRP makes up 1.48% of the Coal ETF ( KOL) which is trading higher by about 0.3% on the day Wednesday.