Natural Resource Partners (NYSE:NRP) Sees Strong Trading Volume – Should You Buy?

Natural Resource Partners L.P. (NYSE:NRP) shares saw an uptick in trading volume on Friday . 33,511 shares changed hands during mid-day trading, a decline of 10% from the previous session’s volume of 37,195 shares.The stock last traded at $108.65 and had previously closed at $109.00.

Natural Resource Partners Price Performance

The company has a 50-day moving average of $107.12 and a two-hundred day moving average of $98.13. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.33 and a quick ratio of 2.33. The stock has a market capitalization of $1.40 billion, a PE ratio of 8.70 and a beta of 0.57.

Natural Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, November 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.78%. Natural Resource Partners’s payout ratio is currently 24.14%.

Institutional Investors Weigh In On Natural Resource Partners

A number of institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in Natural Resource Partners during the third quarter worth approximately $5,433,000. Solidarity Wealth LLC increased its holdings in shares of Natural Resource Partners by 97.8% during the 4th quarter. Solidarity Wealth LLC now owns 92,186 shares of the energy company’s stock worth $10,233,000 after buying an additional 45,571 shares during the last quarter. Horizon Kinetics Asset Management LLC purchased a new position in shares of Natural Resource Partners in the 3rd quarter worth $1,899,000. ING Groep NV boosted its holdings in Natural Resource Partners by 20.1% in the third quarter. ING Groep NV now owns 65,310 shares of the energy company’s stock valued at $6,387,000 after acquiring an additional 10,910 shares during the last quarter. Finally, Meixler Investment Management Ltd. boosted its holdings in Natural Resource Partners by 22.2% in the third quarter. Meixler Investment Management Ltd. now owns 40,885 shares of the energy company’s stock valued at $3,999,000 after acquiring an additional 7,430 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.