Natural Resource Partners (NYSE:NRP) Stock Price Up 5.8% – What’s Next?

Shares of Natural Resource Partners LP (NYSE:NRP) rose 5.8% during trading on Thursday . The company traded as high as $124.72 and last traded at $124.7490. Approximately 29,776 shares traded hands during trading, a decline of 37% from the average daily volume of 47,402 shares. The stock had previously closed at $117.91.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wall Street Zen lowered shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Natural Resource Partners in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Natural Resource Partners Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.85 and a current ratio of 1.85. The stock’s 50-day moving average is $119.29 and its two-hundred day moving average is $109.39. The stock has a market cap of $1.61 billion, a PE ratio of 12.10 and a beta of 0.20.

Natural Resource Partners (NYSE:NRP) last announced its earnings results on Friday, February 27th. The energy company reported $2.27 earnings per share (EPS) for the quarter. Natural Resource Partners had a return on equity of 22.52% and a net margin of 65.16%.The company had revenue of $48.40 million for the quarter.

Natural Resource Partners Announces Dividend

The company also recently disclosed a special dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 10th were issued a $0.12 dividend. The ex-dividend date was Tuesday, March 10th. Natural Resource Partners’s payout ratio is currently 29.88%.

Hedge Funds Weigh In On Natural Resource Partners

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in Natural Resource Partners by 23.7% during the first quarter. Royal Bank of Canada now owns 9,199 shares of the energy company’s stock worth $956,000 after purchasing an additional 1,761 shares during the period. Horizon Kinetics Asset Management LLC lifted its holdings in Natural Resource Partners by 6.1% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 19,123 shares of the energy company’s stock worth $1,826,000 after buying an additional 1,098 shares in the last quarter. Castalian Partners LLC lifted its holdings in Natural Resource Partners by 13.9% during the 2nd quarter. Castalian Partners LLC now owns 77,081 shares of the energy company’s stock worth $7,362,000 after buying an additional 9,400 shares in the last quarter. Solidarity Wealth LLC boosted its position in Natural Resource Partners by 13.0% in the 2nd quarter. Solidarity Wealth LLC now owns 186,393 shares of the energy company’s stock valued at $17,802,000 after buying an additional 21,376 shares during the period. Finally, Jump Financial LLC boosted its position in Natural Resource Partners by 8.1% in the 2nd quarter. Jump Financial LLC now owns 2,444 shares of the energy company’s stock valued at $233,000 after buying an additional 184 shares during the period. 31.77% of the stock is currently owned by hedge funds and other institutional investors.

Natural Resource Partners Company Profile

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.