Natural Resource Partners (NYSE:NRP) Sees Unusually-High Trading Volume - Still a Buy?

Shares of Natural Resource Partners LP (NYSE:NRP - Get Free Report) saw strong trading volume on Wednesday . 104,970 shares were traded during trading, an increase of 279% from the previous session's volume of 27,722 shares.The stock last traded at $97.57 and had previously closed at $97.03.

Natural Resource Partners Trading Up 0.5%

The firm has a market cap of $1.27 billion, a P/E ratio of 9.44 and a beta of 0.27. The business's 50-day moving average is $96.47 and its two-hundred day moving average is $100.69. 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 (NYSE:NRP - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The energy company reported $2.97 EPS for the quarter. The company had revenue of $60.54 million during the quarter. Natural Resource Partners had a net margin of 66.17% and a return on equity of 31.31%.

Natural Resource Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Tuesday, May 20th. Natural Resource Partners's payout ratio is presently 28.82%.

Institutional Investors Weigh In On Natural Resource Partners

Several hedge funds and other institutional investors have recently made changes to their positions in NRP. Solidarity Wealth LLC boosted its stake in shares of Natural Resource Partners by 79.0% in the 1st quarter. Solidarity Wealth LLC now owns 165,017 shares of the energy company's stock valued at $17,145,000 after purchasing an additional 72,831 shares during the last quarter. Progeny 3 Inc. acquired a new position in Natural Resource Partners during the fourth quarter worth $15,732,000. ING Groep NV grew its stake in shares of Natural Resource Partners by 16.0% in the 1st quarter. ING Groep NV now owns 108,910 shares of the energy company's stock worth $11,316,000 after acquiring an additional 15,000 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Natural Resource Partners by 48.9% in the 4th 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 in the last quarter. Finally, Energy Income Partners LLC grew its stake in shares of Natural Resource Partners by 4.4% in the 1st quarter. Energy Income Partners LLC now owns 32,807 shares of the energy company's stock worth $3,409,000 after acquiring an additional 1,392 shares in the last quarter. 31.77% of the stock is owned by institutional investors.

About Natural Resource Partners

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.