Natural Resource Partners (NYSE:NRP) Reaches New 1-Year High – What’s Next?

Natural Resource Partners LP (NYSE:NRP) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $123.58 and last traded at $123.02, with a volume of 25809 shares. The stock had previously closed at $120.39.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Natural Resource Partners in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Natural Resource Partners Stock Performance

The company has a 50 day moving average of $109.60 and a two-hundred day moving average of $105.89. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.14 and a quick ratio of 2.14. The company has a market capitalization of $1.56 billion, a PE ratio of 11.27 and a beta of 0.22.

Natural Resource Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 17th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, February 17th. Natural Resource Partners’s dividend payout ratio is 27.47%.

Institutional Trading of Natural Resource Partners

A number of hedge funds have recently made changes to their positions in NRP. NewEdge Advisors LLC increased its holdings in Natural Resource Partners by 144.0% in the 2nd quarter. NewEdge Advisors LLC now owns 266 shares of the energy company’s stock worth $25,000 after buying an additional 157 shares in the last quarter. Arlington Trust Co LLC purchased a new stake in shares of Natural Resource Partners during the 4th quarter valued at about $104,000. Raymond James Financial Inc. bought a new stake in shares of Natural Resource Partners in the second quarter worth approximately $137,000. State of Wyoming raised its holdings in shares of Natural Resource Partners by 65.4% during the third quarter. State of Wyoming now owns 1,871 shares of the energy company’s stock valued at $196,000 after purchasing an additional 740 shares during the last quarter. Finally, Novare Capital Management LLC purchased a new position in shares of Natural Resource Partners during the fourth quarter valued at approximately $204,000. 31.77% of the stock is owned by institutional investors.

About Natural Resource Partners

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.