Natural Resource Partners (NYSE:NRP) Sees Strong Trading Volume - Time to Buy?

Key Points

• Natural Resource Partners (NYSE: NRP) experienced a significant increase in trading volume, with 34,198 shares traded, an 84% rise compared to the previous day's volume of 18,573 shares.
• Wall Street analyst firm Wall Street Zen upgraded Natural Resource Partners from a "hold" to a "buy" rating, indicating positive market sentiment.
• The company announced a quarterly dividend of $0.75 per share, which represents an annualized dividend of $3.00 and a yield of 2.9%, with the ex-dividend date set for August 19th.

Natural Resource Partners LP (NYSE:NRP - Get Free Report) shares saw an uptick in trading volume on Thursday . 34,198 shares were traded during trading, an increase of 84% from the previous session's volume of 18,573 shares.The stock last traded at $104.58 and had previously closed at $103.60.

Analyst Ratings Changes

Separately, Wall Street Zen raised Natural Resource Partners from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th.

Natural Resource Partners Price Performance

The company has a market capitalization of $1.33 billion, a PE ratio of 9.67 and a beta of 0.35. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $99.46 and a 200-day simple moving average of $99.98.

Natural Resource Partners (NYSE:NRP - Get Free Report) last posted its earnings results on Wednesday, August 6th. The energy company reported $2.52 earnings per share for the quarter. The firm had revenue of $50.10 million during the quarter. Natural Resource Partners had a return on equity of 27.76% and a net margin of 65.19%.

Natural Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 19th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.9%. Natural Resource Partners's dividend payout ratio is presently 28.20%.

Institutional Investors Weigh In On Natural Resource Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC increased its holdings in shares of Natural Resource Partners by 12,329.6% in the 2nd quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company's stock valued at $59,357,000 after acquiring an additional 616,478 shares during the period. Progeny 3 Inc. acquired a new stake in Natural Resource Partners during the 4th quarter worth $15,732,000. Solidarity Wealth LLC grew its position in Natural Resource Partners by 79.0% during the 1st 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 during the last quarter. Bank of America Corp DE increased its stake in Natural Resource Partners by 48.9% in the fourth quarter. Bank of America Corp DE now owns 57,085 shares of the energy company's stock valued at $6,336,000 after purchasing an additional 18,754 shares during the period. Finally, Meixler Investment Management Ltd. increased its stake in Natural Resource Partners by 36.6% in the second quarter. Meixler Investment Management Ltd. now owns 67,502 shares of the energy company's stock valued at $6,447,000 after purchasing an additional 18,102 shares during the period. 31.77% of the stock is owned by hedge funds and other 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.