Natural Resource Partners (NYSE:NRP) Trading 8.5% Higher – Time to Buy?

Natural Resource Partners L.P. (NYSE:NRP)’s stock price shot up 8.5% on Wednesday . The company traded as high as $103.00 and last traded at $103.09. 27,985 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 30,094 shares. The stock had previously closed at $95.01.

Natural Resource Partners Trading Up 2.6 %

The stock’s 50 day moving average is $104.87 and its two-hundred day moving average is $100.80. The company has a market capitalization of $1.33 billion, a PE ratio of 8.26 and a beta of 0.56. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.35.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings data on Friday, February 28th. The energy company reported $3.15 earnings per share for the quarter. Natural Resource Partners had a net margin of 68.22% and a return on equity of 39.69%. The company had revenue of $65.73 million during the quarter.

Natural Resource Partners Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th will be paid a $1.21 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Natural Resource Partners’s previous dividend of $0.35. Natural Resource Partners’s dividend payout ratio is 26.62%.

Institutional Trading of Natural Resource Partners

Several hedge funds have recently modified their holdings of NRP. US Bancorp DE bought a new stake in shares of Natural Resource Partners in the 4th quarter valued at about $33,000. Covestor Ltd bought a new stake in shares of Natural Resource Partners in the 3rd quarter valued at about $60,000. Larson Financial Group LLC bought a new stake in shares of Natural Resource Partners in the 4th quarter valued at about $89,000. Avalon Capital Management bought a new stake in shares of Natural Resource Partners in the 4th quarter valued at about $222,000. Finally, Formidable Asset Management LLC bought a new stake in shares of Natural Resource Partners in the 4th quarter valued at about $222,000. 31.77% of the stock is owned by hedge funds and other 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.