Natural Resource Partners (NYSE:NRP) Hits New 1-Year High – Here’s What Happened

Shares of Natural Resource Partners L.P. (NYSE:NRP) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $113.04 and last traded at $113.04, with a volume of 4628 shares changing hands. The stock had previously closed at $106.75.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 17th.

Natural Resource Partners Stock Down 0.7 %

The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.33 and a current ratio of 2.33. The company has a market capitalization of $1.37 billion, a PE ratio of 8.53 and a beta of 0.50. The firm’s 50-day simple moving average is $99.30 and its 200 day simple moving average is $93.54.

Natural Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Tuesday, November 19th. Natural Resource Partners’s dividend payout ratio is currently 24.14%.

Institutional Investors Weigh In On Natural Resource Partners

Several hedge funds have recently modified their holdings of the stock. L1 Capital International Pty Ltd purchased a new position in Natural Resource Partners during the first quarter worth approximately $13,890,000. Eubel Brady & Suttman Asset Management Inc. raised its position in shares of Natural Resource Partners by 1,035.2% in the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 117,100 shares of the energy company’s stock worth $10,497,000 after buying an additional 106,785 shares during the period. ING Groep NV boosted its holdings in Natural Resource Partners by 20.1% in the third quarter. ING Groep NV now owns 65,310 shares of the energy company’s stock valued at $6,387,000 after acquiring an additional 10,910 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Natural Resource Partners during the third quarter valued at about $5,433,000. Finally, Solidarity Wealth LLC increased its stake in Natural Resource Partners by 1,038.6% during the third quarter. Solidarity Wealth LLC now owns 46,615 shares of the energy company’s stock worth $4,559,000 after acquiring an additional 42,521 shares during the last quarter. 31.77% of the stock is owned by institutional investors and hedge funds.

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.