Natural Resource Partners L.P. (NYSE:NRP) Short Interest Update

Natural Resource Partners L.P. (NYSE:NRP) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 9,800 shares, a drop of 28.5% from the August 15th total of 13,700 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 17,100 shares, the short-interest ratio is presently 0.6 days.

A number of institutional investors and hedge funds have recently made changes to their positions in NRP. Goldman Sachs Group Inc. grew its position in Natural Resource Partners by 4.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,028,465 shares of the energy company’s stock valued at $16,589,000 after buying an additional 43,665 shares in the last quarter. Morgan Stanley grew its position in Natural Resource Partners by 0.9% in the 2nd quarter. Morgan Stanley now owns 1,109,812 shares of the energy company’s stock valued at $23,528,000 after buying an additional 9,385 shares in the last quarter. Bank of America Corp DE grew its position in Natural Resource Partners by 27.1% in the 2nd quarter. Bank of America Corp DE now owns 23,366 shares of the energy company’s stock valued at $495,000 after buying an additional 4,986 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Natural Resource Partners in the 2nd quarter valued at about $26,000. Hedge funds and other institutional investors own 38.83% of the company’s stock.

Shares of NRP stock traded down $0.11 during trading hours on Monday, reaching $20.30. The stock had a trading volume of 15,891 shares, compared to its average volume of 19,862. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.03 and a quick ratio of 2.03. Natural Resource Partners has a twelve month low of $11.54 and a twelve month high of $22.61. The firm has a 50-day simple moving average of $20.97 and a 200-day simple moving average of $19.39. The firm has a market capitalization of $248.90 million, a PE ratio of 17.65 and a beta of 0.63.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings data on Friday, August 6th. The energy company reported $0.56 earnings per share for the quarter. Natural Resource Partners had a net margin of 20.87% and a return on equity of 17.89%. The business had revenue of $38.51 million for the quarter.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 26th. Investors of record on Thursday, August 19th were given a $0.45 dividend. The ex-dividend date was Wednesday, August 18th. This represents a $1.80 dividend on an annualized basis and a yield of 8.87%.

About Natural Resource Partners

Natural Resource Partners LP engages in the business of owning, managing, and leasing a diversified portfolio of mineral properties. It operates through the Coal Royalty and Other, and Soda Ash segments. The Coal Royalty and Other segment comprises of coal royalty properties and coal-related transportation and processing assets.

Read More: Cost of Goods Sold (COGS)

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