Natural Resource Partners (NYSE:NRP) Trading Up 5.9% - Here's Why

Natural Resource Partners LP (NYSE:NRP - Get Free Report) was up 5.9% during mid-day trading on Thursday . The company traded as high as $101.43 and last traded at $100.82. Approximately 29,375 shares were traded during trading, an increase of 7% from the average daily volume of 27,350 shares. The stock had previously closed at $95.21.

Natural Resource Partners Stock Down 2.0%

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 firm's 50 day simple moving average is $96.98 and its two-hundred day simple moving average is $101.26. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 9.37 and a beta of 0.27.

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

Natural Resource Partners Announces Dividend

The firm also recently disclosed 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 3.08%. The ex-dividend date of this dividend was Tuesday, May 20th. Natural Resource Partners's dividend payout ratio (DPR) is 28.82%.

Institutional Trading of Natural Resource Partners

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC raised its position in shares of Natural Resource Partners by 90.1% in the 4th quarter. Jane Street Group LLC now owns 5,710 shares of the energy company's stock valued at $634,000 after buying an additional 2,707 shares in the last quarter. Bank of America Corp DE raised its position 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 valued at $6,336,000 after buying an additional 18,754 shares in the last quarter. Pecaut & CO. acquired a new position in shares of Natural Resource Partners in the 4th quarter valued at approximately $755,000. Inscription Capital LLC acquired a new position in shares of Natural Resource Partners in the 1st quarter valued at approximately $520,000. Finally, US Bancorp DE acquired a new position in shares of Natural Resource Partners in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 31.77% of the company's stock.

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.