Natural Resource Partners (NYSE:NRP) Downgraded to “Buy” at StockNews.com

StockNews.com cut shares of Natural Resource Partners (NYSE:NRP) from a strong-buy rating to a buy rating in a research note published on Thursday.

Natural Resource Partners Stock Performance

Shares of Natural Resource Partners stock traded down $0.54 during midday trading on Thursday, hitting $91.36. The company had a trading volume of 8,604 shares, compared to its average volume of 26,328. The business’s 50 day simple moving average is $92.01 and its two-hundred day simple moving average is $91.18. The stock has a market cap of $1.18 billion, a PE ratio of 6.79 and a beta of 0.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.76 and a quick ratio of 1.76. Natural Resource Partners has a 1-year low of $64.04 and a 1-year high of $102.00.

Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings data on Tuesday, May 7th. The energy company reported $3.83 earnings per share (EPS) for the quarter. The business had revenue of $76.41 million for the quarter. Natural Resource Partners had a net margin of 62.93% and a return on equity of 43.30%.

Natural Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 20th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, August 20th. This represents a $3.00 dividend on an annualized basis and a yield of 3.28%. Natural Resource Partners’s dividend payout ratio is currently 22.16%.

Institutional Investors Weigh In On Natural Resource Partners

A number of institutional investors have recently bought and sold shares of NRP. Meixler Investment Management Ltd. boosted its stake in Natural Resource Partners by 2.3% during the fourth quarter. Meixler Investment Management Ltd. now owns 28,182 shares of the energy company’s stock worth $2,609,000 after buying an additional 630 shares in the last quarter. Guyasuta Investment Advisors Inc. bought a new position in shares of Natural Resource Partners during the fourth quarter valued at $278,000. Anthracite Investment Company Inc. bought a new position in shares of Natural Resource Partners during the fourth quarter valued at $1,260,000. 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 valued at $2,351,000 after acquiring an additional 5,000 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in shares of Natural Resource Partners by 11.2% during the first quarter. GSA Capital Partners LLP now owns 9,939 shares of the energy company’s stock valued at $914,000 after acquiring an additional 999 shares during the period. 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.