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

Natural Resource Partners L.P. (NYSE:NRP) shares saw strong trading volume on Monday . 59,764 shares were traded during mid-day trading, an increase of 129% from the previous session’s volume of 26,119 shares.The stock last traded at $95.44 and had previously closed at $89.64.

Wall Street Analysts Forecast Growth

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

Natural Resource Partners Stock Performance

The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.25 billion, a P/E ratio of 7.05 and a beta of 0.51. The stock has a fifty day simple moving average of $90.19 and a 200-day simple moving average of $91.12.

Natural Resource Partners (NYSE:NRP) last issued its earnings results on Tuesday, May 7th. The energy company reported $3.83 EPS for the quarter. The firm had revenue of $76.41 million during the quarter. Natural Resource Partners had a net margin of 62.93% and a return on equity of 43.30%.

Natural Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 21st were issued a dividend of $0.75 per share. The ex-dividend date was Monday, May 20th. This represents a $3.00 annualized dividend and a yield of 3.11%. Natural Resource Partners’s dividend payout ratio is presently 22.16%.

Institutional Investors Weigh In On Natural Resource Partners

Several large investors have recently modified their holdings of NRP. Ruedi Wealth Management Inc. bought a new position in shares of Natural Resource Partners during the 1st quarter valued at about $51,000. Meixler Investment Management Ltd. lifted its stake in Natural Resource Partners by 2.3% in the fourth quarter. Meixler Investment Management Ltd. now owns 28,182 shares of the energy company’s stock valued at $2,609,000 after buying an additional 630 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Natural Resource Partners by 8.4% in the third quarter. GSA Capital Partners LLP now owns 10,366 shares of the energy company’s stock valued at $818,000 after buying an additional 799 shares during the period. PEAK6 Investments LLC bought a new stake in shares of Natural Resource Partners during the first quarter worth $207,000. Finally, MAS Advisors LLC raised its holdings in shares of Natural Resource Partners by 73.8% during the first quarter. MAS Advisors LLC now owns 5,682 shares of the energy company’s stock worth $523,000 after acquiring an additional 2,413 shares during the period. 31.77% of the stock is currently owned by institutional investors.

About Natural Resource Partners

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.