StockNews.com Lowers Natural Resource Partners (NYSE:NRP) to Buy

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

Natural Resource Partners Trading Up 1.0 %

Shares of NYSE:NRP opened at $87.88 on Friday. The firm has a fifty day moving average of $91.92 and a two-hundred day moving average of $90.60. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.36. Natural Resource Partners has a 12-month low of $64.04 and a 12-month high of $102.00. The firm has a market capitalization of $1.14 billion, a P/E ratio of 6.49 and a beta of 0.51.

Natural Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 20th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, August 20th. This represents a $3.00 dividend on an annualized basis and a yield of 3.41%. Natural Resource Partners’s dividend payout ratio is currently 22.16%.

Institutional Investors Weigh In On Natural Resource Partners

A number of large investors have recently bought and sold shares of the business. Meixler Investment Management Ltd. boosted its holdings in shares of Natural Resource Partners by 2.3% during the 4th 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 during the period. Guyasuta Investment Advisors Inc. acquired a new position in Natural Resource Partners during the 4th quarter valued at $278,000. Anthracite Investment Company Inc. acquired a new position in Natural Resource Partners during the 4th quarter valued at $1,260,000. ING Groep NV boosted its holdings in Natural Resource Partners by 24.5% in the 4th quarter. ING Groep NV now owns 25,400 shares of the energy company’s stock valued at $2,351,000 after purchasing an additional 5,000 shares during the period. Finally, GSA Capital Partners LLP grew its position in Natural Resource Partners by 11.2% in the 1st quarter. GSA Capital Partners LLP now owns 9,939 shares of the energy company’s stock worth $914,000 after purchasing an additional 999 shares during the last quarter. 31.77% of the stock is currently owned by institutional investors.

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.