Natural Resource Partners (NYSE:NRP) Shares Gap Up - Should You Buy?

Key Points

• Natural Resource Partners' stock price gapped up from $100.16 to $105.00 at the market open, with the most recent trading price at $104.30 and a volume of 17,539 shares.
• The company reported a robust quarterly EPS of $2.97, with a net margin of 66.17% and revenue of $60.54 million for the quarter.
• Natural Resource Partners has announced a quarterly dividend of $0.75, yielding 2.80%, with a payout ratio of 28.82%.

Natural Resource Partners LP (NYSE:NRP - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $100.16, but opened at $105.00. Natural Resource Partners shares last traded at $104.30, with a volume of 17,539 shares changing hands.

Natural Resource Partners Price Performance

The company has a fifty day simple moving average of $96.92 and a 200-day simple moving average of $100.37. 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 company has a market cap of $1.39 billion, a P/E ratio of 10.28 and a beta of 0.27.

Natural Resource Partners (NYSE:NRP - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $60.54 million for the quarter.

Natural Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Tuesday, May 20th. Natural Resource Partners's payout ratio is 28.82%.

Institutional Investors Weigh In On Natural Resource Partners

Hedge funds have recently modified their holdings of the business. MAS Advisors LLC increased its stake in Natural Resource Partners by 4.3% in the 2nd quarter. MAS Advisors LLC now owns 3,375 shares of the energy company's stock valued at $322,000 after buying an additional 140 shares during the last quarter. Covestor Ltd increased its position in shares of Natural Resource Partners by 26.1% in the fourth 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 last quarter. Pekin Hardy Strauss Inc. increased its position in shares of Natural Resource Partners by 1.0% in the first quarter. Pekin Hardy Strauss Inc. now owns 19,975 shares of the energy company's stock valued at $2,075,000 after acquiring an additional 200 shares during the last quarter. DHK Financial Advisors Inc. increased its position in shares of Natural Resource Partners by 11.7% in the first quarter. DHK Financial Advisors Inc. now owns 4,404 shares of the energy company's stock valued at $458,000 after acquiring an additional 462 shares during the last quarter. Finally, Pecaut & CO. increased its position in shares of Natural Resource Partners by 7.4% in the first quarter. Pecaut & CO. now owns 7,300 shares of the energy company's stock valued at $758,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 31.77% of the company's stock.

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.

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