Natural Resource Partners (NYSE:NRP) Sees Large Volume Increase – Here’s Why

Natural Resource Partners LP (NYSE:NRP) saw unusually-high trading volume on Thursday . Approximately 38,269 shares changed hands during mid-day trading, an increase of 59% from the previous session’s volume of 24,073 shares.The stock last traded at $105.50 and had previously closed at $105.04.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NRP. Wall Street Zen upgraded Natural Resource Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Natural Resource Partners in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Natural Resource Partners Stock Performance

The firm has a fifty day moving average price of $104.22 and a 200 day moving average price of $101.02. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.34 billion, a PE ratio of 9.75 and a beta of 0.28.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings data on Tuesday, November 4th. The energy company reported $2.28 earnings per share (EPS) for the quarter. Natural Resource Partners had a net margin of 65.19% and a return on equity of 27.76%. The firm had revenue of $49.93 million during the quarter.

Natural Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 18th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 18th. Natural Resource Partners’s payout ratio is presently 27.47%.

Insiders Place Their Bets

In other Natural Resource Partners news, VP Gregory F. Wooten sold 8,607 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $100.24, for a total transaction of $862,765.68. Following the completion of the sale, the vice president owned 28,656 shares of the company’s stock, valued at $2,872,477.44. This trade represents a 23.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 35.30% of the company’s stock.

Institutional Trading of Natural Resource Partners

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its stake in shares of Natural Resource Partners by 144.0% in the second quarter. NewEdge Advisors LLC now owns 266 shares of the energy company’s stock valued at $25,000 after purchasing an additional 157 shares during the period. Covestor Ltd boosted its position in Natural Resource Partners by 21.6% in the 1st quarter. Covestor Ltd now owns 940 shares of the energy company’s stock valued at $98,000 after buying an additional 167 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Natural Resource Partners in the second quarter worth $137,000. State of Wyoming increased its position in shares of Natural Resource Partners by 65.4% during the third quarter. State of Wyoming now owns 1,871 shares of the energy company’s stock worth $196,000 after acquiring an additional 740 shares during the period. Finally, Avalon Capital Management acquired a new stake in shares of Natural Resource Partners in the third quarter valued at $210,000. Institutional investors and hedge funds 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.