Natural Resource Partners (NYSE:NRP) Sees Strong Trading Volume Following Dividend Announcement

Natural Resource Partners LP (NYSE:NRP) saw unusually-high trading volume on Friday following a dividend announcement from the company. Approximately 87,222 shares changed hands during trading, an increase of 85% from the previous session’s volume of 47,092 shares.The stock last traded at $114.25 and had previously closed at $123.50.

The newly announced dividend which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, March 10th. Natural Resource Partners’s payout ratio is 27.47%.

Analysts Set New Price Targets

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, the stock has a consensus rating of “Buy”.

Natural Resource Partners Trading Down 2.1%

The stock’s 50 day simple moving average is $115.32 and its 200 day simple moving average is $107.93. The firm has a market cap of $1.57 billion, a PE ratio of 12.05 and a beta of 0.22. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.14 and a current ratio of 2.14.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings data on Friday, February 27th. The energy company reported $2.27 earnings per share (EPS) for the quarter. Natural Resource Partners had a net margin of 64.78% and a return on equity of 25.31%. The company had revenue of $46.71 million during the quarter.

Hedge Funds Weigh In On Natural Resource Partners

Institutional investors have recently modified their holdings of the company. Annandale Capital LLC raised its holdings in shares of Natural Resource Partners by 0.4% during the 4th quarter. Annandale Capital LLC now owns 26,207 shares of the energy company’s stock valued at $2,736,000 after buying an additional 107 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Natural Resource Partners by 144.0% during the second quarter. NewEdge Advisors LLC now owns 266 shares of the energy company’s stock worth $25,000 after acquiring an additional 157 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of Natural Resource Partners by 8.1% in the 2nd quarter. Jump Financial LLC now owns 2,444 shares of the energy company’s stock worth $233,000 after acquiring an additional 184 shares during the last quarter. First Foundation Advisors boosted its stake in shares of Natural Resource Partners by 3.2% in the 3rd quarter. First Foundation Advisors now owns 7,941 shares of the energy company’s stock valued at $834,000 after purchasing an additional 245 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. boosted its stake in shares of Natural Resource Partners by 1.3% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 20,225 shares of the energy company’s stock valued at $2,124,000 after purchasing an additional 250 shares in the last quarter. 31.77% of the stock is currently owned by institutional investors.

Natural Resource Partners Company Profile

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.