Natural Resource Partners (NYSE:NRP) Sees Large Volume Increase – Here’s Why

Natural Resource Partners LP (NYSE:NRP) shares saw an uptick in trading volume on Monday . 36,448 shares changed hands during trading, an increase of 32% from the previous session’s volume of 27,619 shares.The stock last traded at $97.05 and had previously closed at $95.05.

Natural Resource Partners Stock Down 1.3%

The business’s 50 day moving average price is $97.97 and its 200-day moving average price is $101.81. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.45 and a current ratio of 2.45. The firm has a market capitalization of $1.22 billion, a PE ratio of 9.07 and a beta of 0.28.

Natural Resource Partners (NYSE:NRP) last posted its earnings results 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 firm had revenue of $60.54 million during the quarter.

Natural Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.18%. Natural Resource Partners’s payout ratio is presently 28.82%.

Hedge Funds Weigh In On Natural Resource Partners

Several hedge funds have recently bought and sold shares of NRP. Solidarity Wealth LLC grew its position in Natural Resource Partners by 79.0% in the 1st quarter. Solidarity Wealth LLC now owns 165,017 shares of the energy company’s stock valued at $17,145,000 after acquiring an additional 72,831 shares in the last quarter. Progeny 3 Inc. purchased a new position in shares of Natural Resource Partners in the fourth quarter valued at approximately $15,732,000. ING Groep NV grew its holdings in shares of Natural Resource Partners by 16.0% in the first quarter. ING Groep NV now owns 108,910 shares of the energy company’s stock valued at $11,316,000 after purchasing an additional 15,000 shares in the last quarter. Bank of America Corp DE increased its stake in Natural Resource Partners by 48.9% during the 4th quarter. Bank of America Corp DE now owns 57,085 shares of the energy company’s stock worth $6,336,000 after buying an additional 18,754 shares during the period. Finally, Energy Income Partners LLC lifted its holdings in Natural Resource Partners by 4.4% during the 1st quarter. Energy Income Partners LLC now owns 32,807 shares of the energy company’s stock worth $3,409,000 after buying an additional 1,392 shares in 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.