Natural Resource Partners (NYSE:NRP) announced its quarterly earnings results on Friday. The energy company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.10), MarketWatch Earnings reports. The firm had revenue of $95.02 million during the quarter, compared to analyst estimates of $97.10 million. Natural Resource Partners had a net margin of 30.69% and a return on equity of 32.05%.
Shares of NYSE:NRP traded up $0.40 during mid-day trading on Friday, reaching $33.65. The stock had a trading volume of 37,049 shares, compared to its average volume of 56,528. The company has a market capitalization of $416.61 million, a price-to-earnings ratio of 7.14 and a beta of 0.22. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.10 and a quick ratio of 1.03. Natural Resource Partners has a twelve month low of $24.06 and a twelve month high of $37.70.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Wednesday, November 7th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.35%. Natural Resource Partners’s dividend payout ratio is 38.22%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its stake in shares of Natural Resource Partners by 77.9% during the 1st quarter. Royal Bank of Canada now owns 7,895 shares of the energy company’s stock worth $226,000 after acquiring an additional 3,458 shares in the last quarter. LPL Financial LLC bought a new position in shares of Natural Resource Partners during the 1st quarter worth approximately $245,000. CAPROCK Group Inc. bought a new position in shares of Natural Resource Partners during the 2nd quarter worth approximately $352,000. Kayne Anderson Capital Advisors LP bought a new position in shares of Natural Resource Partners during the 2nd quarter worth approximately $511,000. Finally, Bank of America Corp DE grew its stake in shares of Natural Resource Partners by 21.6% during the 2nd quarter. Bank of America Corp DE now owns 17,971 shares of the energy company’s stock worth $564,000 after acquiring an additional 3,193 shares in the last quarter. 29.54% of the stock is owned by institutional investors and hedge funds.
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About Natural Resource Partners
Natural Resource Partners L.P., through its subsidiaries, owns, operates, manages, and leases mineral properties in the United States. The company operates through three segments: Coal Royalty and Other; Soda Ash; and Construction Aggregates. It owns interests in coal, trona and soda ash, construction aggregates, and other natural resources.
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