Natural Resource Partners (NYSE:NRP) Sees Strong Trading Volume - What's Next?

Natural Resource Partners LP (NYSE:NRP - Get Free Report) saw unusually-high trading volume on Monday . Approximately 36,448 shares were traded during mid-day trading, an increase of 32% from the previous session's volume of 27,619 shares.The stock last traded at $97.05 and had previously closed at $95.05.

Natural Resource Partners Price Performance

The business has a fifty day moving average price of $97.60 and a 200-day moving average price of $101.66. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $1.20 billion, a PE ratio of 8.92 and a beta of 0.28.

Natural Resource Partners (NYSE:NRP - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The energy company reported $2.97 earnings per share (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 $60.54 million during the quarter.

Natural Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Tuesday, May 20th. Natural Resource Partners's payout ratio is currently 28.82%.

Hedge Funds Weigh In On Natural Resource Partners

A number of hedge funds and other institutional investors have recently modified their holdings of NRP. US Bancorp DE purchased a new position in shares of Natural Resource Partners in the 4th quarter worth about $33,000. Larson Financial Group LLC purchased a new stake in Natural Resource Partners during the 4th quarter valued at about $89,000. Pecaut & CO. purchased a new stake in Natural Resource Partners during the 4th quarter valued at about $755,000. Covestor Ltd boosted its holdings in Natural Resource Partners by 26.1% during the 4th quarter. Covestor Ltd now owns 773 shares of the energy company's stock valued at $86,000 after acquiring an additional 160 shares during the period. Finally, Jane Street Group LLC boosted its holdings 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 valued at $634,000 after acquiring an additional 2,707 shares during the period. 31.77% of the stock is currently 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.