Natural Resource Partners (NYSE:NRP) Sees Unusually-High Trading Volume

Shares of Natural Resource Partners L.P. (NYSE:NRP) saw unusually-high trading volume on Monday . Approximately 59,764 shares changed hands 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 Analyst Weigh In

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

Natural Resource Partners Trading Up 7.8 %

The firm’s 50 day simple moving average is $90.19 and its two-hundred day simple moving average is $91.12. 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.

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

Natural Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 21st were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Monday, May 20th. Natural Resource Partners’s dividend payout ratio (DPR) is 22.16%.

Institutional Investors Weigh In On Natural Resource Partners

Large investors have recently added to or reduced their stakes in the stock. Ruedi Wealth Management Inc. bought a new position in shares of Natural Resource Partners during the first quarter worth about $51,000. PEAK6 Investments LLC acquired a new stake in shares of Natural Resource Partners in the first quarter valued at approximately $207,000. Guyasuta Investment Advisors Inc. bought a new stake in shares of Natural Resource Partners during the fourth quarter valued at approximately $278,000. Stokes Family Office LLC acquired a new position in shares of Natural Resource Partners during the first quarter worth approximately $518,000. Finally, MAS Advisors LLC grew its holdings in Natural Resource Partners by 73.8% in the 1st quarter. MAS Advisors LLC now owns 5,682 shares of the energy company’s stock worth $523,000 after buying an additional 2,413 shares in the last quarter. 31.77% of the stock is owned by institutional investors and hedge funds.

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.