Natural Resource Partners (NYSE:NRP) Sees Unusually-High Trading Volume – Should You Buy?

Natural Resource Partners L.P. (NYSE:NRP) saw unusually-strong trading volume on Wednesday . Approximately 37,320 shares traded hands during trading, an increase of 33% from the previous session’s volume of 28,105 shares.The stock last traded at $104.06 and had previously closed at $103.00.

Natural Resource Partners Stock Performance

The stock has a market capitalization of $1.34 billion, a P/E ratio of 8.30 and a beta of 0.39. 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 company has a 50-day moving average price of $104.54 and a two-hundred day moving average price of $101.32.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Friday, February 28th. The energy company reported $3.15 earnings per share (EPS) for the quarter. The business had revenue of $65.73 million for the quarter. Natural Resource Partners had a net margin of 68.22% and a return on equity of 39.69%.

Natural Resource Partners Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th will be paid a $1.21 dividend. This is a positive change from Natural Resource Partners’s previous dividend of $0.35. The ex-dividend date is Tuesday, March 11th. Natural Resource Partners’s dividend payout ratio is currently 26.62%.

Institutional Trading of Natural Resource Partners

Large investors have recently modified their holdings of the business. Progeny 3 Inc. bought a new stake in Natural Resource Partners during the fourth quarter valued at approximately $15,732,000. Solidarity Wealth LLC lifted its holdings in shares of Natural Resource Partners by 97.8% during the 4th quarter. Solidarity Wealth LLC now owns 92,186 shares of the energy company’s stock worth $10,233,000 after acquiring an additional 45,571 shares during the last quarter. ING Groep NV grew its position in Natural Resource Partners by 43.8% in the fourth quarter. ING Groep NV now owns 93,910 shares of the energy company’s stock worth $10,424,000 after acquiring an additional 28,600 shares in the last quarter. Horizon Kinetics Asset Management LLC bought a new position in Natural Resource Partners in the third quarter valued at $1,899,000. Finally, Bank of America Corp DE raised its position in Natural Resource Partners by 48.9% during the fourth quarter. Bank of America Corp DE now owns 57,085 shares of the energy company’s stock valued at $6,336,000 after purchasing an additional 18,754 shares in the last quarter. Institutional investors own 31.77% of the company’s stock.

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.