Natural Resource Partners (NYSE:NRP) Sees Strong Trading Volume – Here’s What Happened

Shares of Natural Resource Partners L.P. (NYSE:NRP) saw strong trading volume on Wednesday . 22,503 shares changed hands during trading, an increase of 12% from the previous session’s volume of 20,119 shares.The stock last traded at $102.27 and had previously closed at $102.10.

Natural Resource Partners Price Performance

The company’s 50-day moving average is $105.95 and its 200-day moving average is $100.08. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 8.18 and a beta of 0.56. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.35.

Natural Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Tuesday, February 18th. Natural Resource Partners’s dividend payout ratio is presently 24.14%.

Institutional Investors Weigh In On Natural Resource Partners

A number of hedge funds have recently made changes to their positions in NRP. Covestor Ltd increased its holdings in shares of Natural Resource Partners by 26.1% during the fourth quarter. Covestor Ltd now owns 773 shares of the energy company’s stock worth $86,000 after buying an additional 160 shares in the last quarter. US Bancorp DE acquired a new position in Natural Resource Partners in the 4th quarter worth about $33,000. Larson Financial Group LLC acquired a new position in Natural Resource Partners in the 4th quarter worth about $89,000. Pekin Hardy Strauss Inc. raised its position in Natural Resource Partners by 7.5% in the third quarter. Pekin Hardy Strauss Inc. now owns 17,950 shares of the energy company’s stock valued at $1,756,000 after purchasing an additional 1,260 shares during the last quarter. Finally, Avalon Capital Management acquired a new stake in shares of Natural Resource Partners during the fourth quarter valued at about $222,000. 31.77% of the stock is currently 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.