Natural Resource Partners (NYSE:NRP) Trading Down 4.6% – Here’s What Happened

Natural Resource Partners L.P. (NYSE:NRP) shares were down 4.6% on Thursday . The stock traded as low as $105.88 and last traded at $105.88. Approximately 17,542 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 27,930 shares. The stock had previously closed at $111.00.

Natural Resource Partners Stock Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 2.33 and a quick ratio of 2.33. The company has a fifty day moving average price of $105.33 and a 200 day moving average price of $97.13. The stock has a market cap of $1.44 billion, a P/E ratio of 8.93 and a beta of 0.57.

Natural Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 19th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, November 19th. This represents a $3.00 annualized dividend and a yield of 2.70%. Natural Resource Partners’s dividend payout ratio (DPR) is currently 24.14%.

Institutional Investors Weigh In On Natural Resource Partners

A number of institutional investors have recently added to or reduced their stakes in NRP. Eubel Brady & Suttman Asset Management Inc. raised its stake in shares of Natural Resource Partners by 1,035.2% during the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 117,100 shares of the energy company’s stock worth $10,497,000 after purchasing an additional 106,785 shares during the period. International Assets Investment Management LLC bought a new stake in Natural Resource Partners in the third quarter worth about $5,433,000. Solidarity Wealth LLC boosted its stake in Natural Resource Partners by 1,038.6% in the third quarter. Solidarity Wealth LLC now owns 46,615 shares of the energy company’s stock valued at $4,559,000 after acquiring an additional 42,521 shares during the last quarter. Horizon Kinetics Asset Management LLC bought a new position in shares of Natural Resource Partners during the 3rd quarter valued at approximately $1,899,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of Natural Resource Partners during the 2nd quarter worth approximately $1,496,000. 31.77% of the stock is owned by institutional investors.

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.