Natural Resource Partners (NYSE:NRP) Shares Gap Up – Time to Buy?

Natural Resource Partners L.P. (NYSE:NRP) shares gapped up before the market opened on Friday . The stock had previously closed at $99.00, but opened at $101.91. Natural Resource Partners shares last traded at $105.50, with a volume of 2,693 shares trading hands.

Natural Resource Partners Trading Up 6.5 %

The business has a 50-day moving average of $105.27 and a two-hundred day moving average of $100.39. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 8.49 and a beta of 0.56.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings data on Friday, February 28th. The energy company reported $3.15 earnings per share (EPS) for the quarter. Natural Resource Partners had a return on equity of 39.69% and a net margin of 68.22%.

Natural Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Tuesday, February 18th. Natural Resource Partners’s dividend payout ratio (DPR) is 24.14%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE acquired a new position in Natural Resource Partners during the 4th quarter worth about $33,000. Covestor Ltd bought a new stake in shares of Natural Resource Partners during the third quarter valued at approximately $60,000. Larson Financial Group LLC acquired a new position in Natural Resource Partners during the 4th quarter worth $89,000. Avalon Capital Management bought a new position in Natural Resource Partners in the 4th quarter valued at $222,000. Finally, Formidable Asset Management LLC acquired a new stake in shares of Natural Resource Partners in the 4th quarter valued at $222,000. 31.77% of the stock is owned by institutional investors and hedge funds.

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.