Natural Resource Partners (NYSE:NRP) Stock Price Up 2%

Natural Resource Partners L.P. (NYSE:NRP)’s share price rose 2% during trading on Monday . The stock traded as high as $91.50 and last traded at $91.00. Approximately 27,290 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 26,107 shares. The stock had previously closed at $89.21.

Natural Resource Partners Stock Up 0.9 %

The company has a 50-day simple moving average of $91.92 and a 200 day simple moving average of $91.21. The company has a market cap of $1.17 billion, a P/E ratio of 6.65 and a beta of 0.51. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.36.

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

Natural Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 21st were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Monday, May 20th. Natural Resource Partners’s dividend payout ratio (DPR) is currently 22.16%.

Institutional Investors Weigh In On Natural Resource Partners

A number of hedge funds have recently made changes to their positions in NRP. Meixler Investment Management Ltd. lifted its stake in shares of Natural Resource Partners by 2.3% during the 4th quarter. Meixler Investment Management Ltd. now owns 28,182 shares of the energy company’s stock worth $2,609,000 after purchasing an additional 630 shares during the last quarter. Guyasuta Investment Advisors Inc. purchased a new stake in Natural Resource Partners in the fourth quarter valued at about $278,000. Anthracite Investment Company Inc. purchased a new stake in Natural Resource Partners in the fourth quarter valued at about $1,260,000. ING Groep NV raised its stake in Natural Resource Partners by 24.5% in the fourth quarter. ING Groep NV now owns 25,400 shares of the energy company’s stock valued at $2,351,000 after buying an additional 5,000 shares during the last quarter. Finally, GSA Capital Partners LLP raised its stake in Natural Resource Partners by 11.2% in the first quarter. GSA Capital Partners LLP now owns 9,939 shares of the energy company’s stock valued at $914,000 after buying an additional 999 shares during the last quarter. 31.77% of the stock is currently 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.