Natural Resource Partners (NYSE:NRP) Stock Price Up 2.1%

Natural Resource Partners L.P. (NYSE:NRP - Get Free Report)'s share price shot up 2.1% during mid-day trading on Wednesday . The company traded as high as $88.45 and last traded at $88.23. 6,238 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 25,265 shares. The stock had previously closed at $86.40.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Natural Resource Partners from a "buy" rating to a "strong-buy" rating in a report on Friday, March 8th.

Natural Resource Partners Stock Performance

The business's fifty day moving average is $90.16 and its two-hundred day moving average is $84.75. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.13 billion, a PE ratio of 6.66 and a beta of 0.46.

Natural Resource Partners (NYSE:NRP - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The energy company reported $4.31 EPS for the quarter. The firm had revenue of $93.16 million for the quarter. Natural Resource Partners had a return on equity of 44.05% and a net margin of 59.68%.

Natural Resource Partners Increases Dividend

The business also recently announced a None dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 19th were paid a $2.44 dividend. The ex-dividend date was Monday, March 18th. This is a positive change from Natural Resource Partners's previous None dividend of $2.43. Natural Resource Partners's payout ratio is 22.81%.

Hedge Funds Weigh In On Natural Resource Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. purchased a new stake in shares of Natural Resource Partners during the fourth quarter worth about $218,000. First Trust Advisors LP grew its stake in shares of Natural Resource Partners by 14.9% during the fourth quarter. First Trust Advisors LP now owns 58,215 shares of the energy company's stock worth $5,388,000 after acquiring an additional 7,533 shares during the last quarter. ING Groep NV lifted its holdings in shares of Natural Resource Partners by 24.5% during the fourth quarter. ING Groep NV now owns 25,400 shares of the energy company's stock worth $2,351,000 after purchasing an additional 5,000 shares during the period. Anthracite Investment Company Inc. acquired a new stake in shares of Natural Resource Partners during the fourth quarter worth about $1,260,000. Finally, Guyasuta Investment Advisors Inc. acquired a new stake in shares of Natural Resource Partners during the fourth quarter worth about $278,000. Hedge funds and other institutional investors 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.