Natural Resource Partners (NYSE:NRP) Sees Unusually-High Trading Volume

Natural Resource Partners L.P. (NYSE:NRP) shares saw unusually-high trading volume on Monday . Approximately 20,030 shares changed hands during mid-day trading, a decline of 23% from the previous session’s volume of 25,993 shares.The stock last traded at $90.01 and had previously closed at $90.51.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Natural Resource Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 8th.

Natural Resource Partners Trading Down 0.9 %

The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 6.92 and a beta of 0.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.11 and a quick ratio of 1.11. The company’s fifty day moving average price is $90.34 and its 200-day moving average price is $86.43.

Natural Resource Partners (NYSE:NRP) last released its earnings results on Thursday, March 7th. The energy company reported $4.31 earnings per share for the quarter. Natural Resource Partners had a net margin of 59.68% and a return on equity of 44.05%. The company had revenue of $93.16 million for the quarter.

Natural Resource Partners Increases Dividend

The business also recently disclosed a None dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 19th were issued a dividend of $2.44 per share. The ex-dividend date of this dividend was Monday, March 18th. This is a positive change from Natural Resource Partners’s previous None dividend of $2.43. Natural Resource Partners’s payout ratio is 22.81%.

Institutional Trading of Natural Resource Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ruedi Wealth Management Inc. acquired a new stake in shares of Natural Resource Partners in the first quarter worth $51,000. GSA Capital Partners LLP grew its position in Natural Resource Partners by 11.2% during the 1st quarter. GSA Capital Partners LLP now owns 9,939 shares of the energy company’s stock worth $914,000 after purchasing an additional 999 shares during the period. ING Groep NV grew its position in Natural Resource Partners by 24.5% during the 4th quarter. ING Groep NV now owns 25,400 shares of the energy company’s stock worth $2,351,000 after purchasing an additional 5,000 shares during the period. Anthracite Investment Company Inc. purchased a new position in shares of Natural Resource Partners during the 4th quarter valued at about $1,260,000. Finally, Guyasuta Investment Advisors Inc. acquired a new position in shares of Natural Resource Partners in the 4th quarter valued at about $278,000. Institutional investors and hedge funds own 31.77% of the company’s stock.

Natural Resource Partners Company Profile

Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.