Natural Resource Partners LP Declares Quarterly Dividend of $0.75 (NYSE:NRP)

Key Points

• Natural Resource Partners LP declared a quarterly dividend of $0.75 per share, set to be paid on August 26, to investors of record as of August 19.
• The company's recent earnings report showed an EPS of $2.52 and a net margin of 66.17% for the quarter, with revenue amounting to $50.10 million.
• Institutional investors and hedge funds now hold 31.77% of Natural Resource Partners' stock, reflecting increased interest from various large investors in recent months.

Natural Resource Partners LP (NYSE:NRP - Get Free Report) declared a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Investors of record on Tuesday, August 19th will be paid a dividend of 0.75 per share by the energy company on Tuesday, August 26th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, August 19th.

Natural Resource Partners Stock Performance

NRP stock traded up $0.27 during midday trading on Thursday, hitting $104.43. 13,421 shares of the stock traded hands, compared to its average volume of 25,215. The firm has a market cap of $1.35 billion, a P/E ratio of 10.03 and a beta of 0.35. The stock's fifty day simple moving average is $98.19 and its 200-day simple moving average is $100.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.45 and a quick ratio of 2.45. Natural Resource Partners has a 1-year low of $81.74 and a 1-year high of $113.04.

Natural Resource Partners (NYSE:NRP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The energy company reported $2.52 EPS for the quarter. Natural Resource Partners had a return on equity of 31.31% and a net margin of 66.17%. The firm had revenue of $50.10 million during the quarter.

Hedge Funds Weigh In On Natural Resource Partners

Several large investors have recently modified their holdings of NRP. Jane Street Group LLC boosted its holdings in Natural Resource Partners by 90.1% in the fourth quarter. Jane Street Group LLC now owns 5,710 shares of the energy company's stock valued at $634,000 after purchasing an additional 2,707 shares during the period. Bank of America Corp DE grew its position in shares of Natural Resource Partners by 48.9% during the fourth quarter. Bank of America Corp DE now owns 57,085 shares of the energy company's stock worth $6,336,000 after acquiring an additional 18,754 shares during the last quarter. ING Groep NV boosted its stake in shares of Natural Resource Partners by 16.0% during the first quarter. ING Groep NV now owns 108,910 shares of the energy company's stock worth $11,316,000 after buying an additional 15,000 shares during the period. Inscription Capital LLC purchased a new stake in shares of Natural Resource Partners during the first quarter worth approximately $520,000. Finally, Solidarity Wealth LLC raised its holdings in Natural Resource Partners by 79.0% during the first quarter. Solidarity Wealth LLC now owns 165,017 shares of the energy company's stock worth $17,145,000 after purchasing an additional 72,831 shares in the last quarter. Institutional investors and hedge funds own 31.77% of the company's stock.

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.

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