Natural Resource Partners (NYSE:NRP) Sees Unusually-High Trading Volume

Natural Resource Partners L.P. (NYSE:NRP - Get Free Report) shares saw strong trading volume on Monday . 137,387 shares changed hands during mid-day trading, an increase of 425% from the previous session's volume of 26,151 shares.The stock last traded at $90.72 and had previously closed at $91.73.

Wall Street Analysts Forecast Growth

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

Natural Resource Partners Stock Performance

The company's 50-day moving average price is $90.00 and its two-hundred day moving average price is $85.87. The company has a market cap of $1.19 billion, a P/E ratio of 7.00 and a beta of 0.46. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.23.

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

Natural Resource Partners Increases Dividend

The business also recently announced a None dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 19th were given a dividend of $2.44 per share. The ex-dividend date of this dividend 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%.

Institutional Trading of Natural Resource Partners

A number of hedge funds have recently bought and sold shares of NRP. Meixler Investment Management Ltd. lifted its position in shares of Natural Resource Partners by 2.3% in the 4th quarter. Meixler Investment Management Ltd. now owns 28,182 shares of the energy company's stock valued at $2,609,000 after acquiring an additional 630 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of Natural Resource Partners by 8.4% during the third quarter. GSA Capital Partners LLP now owns 10,366 shares of the energy company's stock valued at $818,000 after buying an additional 799 shares in the last quarter. Raymond James & Associates acquired a new position in Natural Resource Partners during the third quarter valued at $221,000. Guyasuta Investment Advisors Inc. purchased a new stake in Natural Resource Partners in the 4th quarter worth about $278,000. Finally, Jump Financial LLC acquired a new stake in Natural Resource Partners during the 3rd quarter worth about $252,000. 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.