Natural Resource Partners (NYSE:NRP) Sees Large Volume Increase – What’s Next?

Natural Resource Partners L.P. (NYSE:NRP) shares saw an uptick in trading volume on Thursday . 23,797 shares changed hands during mid-day trading, a decline of 12% from the previous session’s volume of 27,092 shares.The stock last traded at $102.50 and had previously closed at $100.32.

Natural Resource Partners Stock Performance

The stock’s fifty day simple moving average is $105.34 and its 200-day simple moving average is $100.40. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 8.15 and a beta of 0.56. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.35.

Natural Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Tuesday, February 18th. Natural Resource Partners’s payout ratio is 24.14%.

Hedge Funds Weigh In On Natural Resource Partners

Large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new position in shares of Natural Resource Partners in the 3rd quarter valued at $5,433,000. Solidarity Wealth LLC grew its position in Natural Resource Partners by 1,038.6% in the 3rd quarter. Solidarity Wealth LLC now owns 46,615 shares of the energy company’s stock valued at $4,559,000 after buying an additional 42,521 shares during the last quarter. Covestor Ltd purchased a new position in Natural Resource Partners during the 3rd quarter worth $60,000. Meixler Investment Management Ltd. raised its holdings in Natural Resource Partners by 22.2% during the third quarter. Meixler Investment Management Ltd. now owns 40,885 shares of the energy company’s stock worth $3,999,000 after purchasing an additional 7,430 shares in the last quarter. Finally, ING Groep NV boosted its holdings in Natural Resource Partners by 20.1% in the 3rd quarter. ING Groep NV now owns 65,310 shares of the energy company’s stock valued at $6,387,000 after purchasing an additional 10,910 shares in the last quarter. Institutional investors and hedge funds own 31.77% of the company’s stock.

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.