Natural Resource Partners (NYSE:NRP) Sees Large Volume Increase - Here's What Happened

Natural Resource Partners LP (NYSE:NRP - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 104,970 shares traded hands during mid-day 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 Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.45 and a quick ratio of 2.45. The stock has a 50 day moving average price of $96.41 and a 200-day moving average price of $100.92. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 9.40 and a beta of 0.27.

Natural Resource Partners (NYSE:NRP - Get Free Report) last posted its earnings results on Tuesday, May 6th. The energy company reported $2.97 EPS for the quarter. Natural Resource Partners had a return on equity of 31.31% and a net margin of 66.17%. The company had revenue of $60.54 million for the quarter.

Natural Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, May 20th. This represents a $3.00 annualized dividend and a yield of 3.07%. Natural Resource Partners's dividend payout ratio (DPR) is 28.82%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NRP. US Bancorp DE acquired a new position in shares of Natural Resource Partners during the 4th quarter worth about $33,000. Pecaut & CO. acquired a new stake in shares of Natural Resource Partners in the 4th quarter valued at about $755,000. Covestor Ltd grew its stake in Natural Resource Partners by 26.1% during the 4th quarter. Covestor Ltd now owns 773 shares of the energy company's stock worth $86,000 after buying an additional 160 shares during the last quarter. Jane Street Group LLC grew its stake in Natural Resource Partners by 90.1% during the 4th quarter. Jane Street Group LLC now owns 5,710 shares of the energy company's stock worth $634,000 after buying an additional 2,707 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Natural Resource Partners by 48.9% during the 4th quarter. Bank of America Corp DE now owns 57,085 shares of the energy company's stock worth $6,336,000 after buying an additional 18,754 shares during the last quarter. 31.77% of the stock is owned by institutional investors and hedge funds.

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.