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.

Wall Street Analysts Forecast Growth

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

Natural Resource Partners Trading Down 0.3 %

The firm has a market cap of $1.17 billion, a PE ratio of 6.87 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 business has a 50-day moving average price of $90.34 and a two-hundred day moving average price of $86.67.

Natural Resource Partners (NYSE:NRP) last posted 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 firm had revenue of $93.16 million during the quarter.

Natural Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $3.00 annualized dividend and a yield of 3.33%. Natural Resource Partners’s dividend payout ratio (DPR) is currently 22.81%.

Hedge Funds Weigh In On Natural Resource Partners

Hedge funds have recently added to or reduced their stakes in the business. Ruedi Wealth Management Inc. acquired a new stake in shares of Natural Resource Partners during the 1st quarter worth about $51,000. Meixler Investment Management Ltd. boosted its position in shares of 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 worth $2,609,000 after acquiring an additional 630 shares during the last quarter. GSA Capital Partners LLP boosted its position 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 worth $818,000 after acquiring an additional 799 shares during the last quarter. Raymond James & Associates acquired a new stake in shares of Natural Resource Partners in the third quarter worth approximately $221,000. Finally, Guyasuta Investment Advisors Inc. acquired a new stake in shares of Natural Resource Partners in the fourth quarter worth approximately $278,000. 31.77% of the stock is currently owned by hedge funds and other 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.