Natural Resource Partners (NYSE:NRP) Hits New 52-Week High – Time to Buy?

Shares of Natural Resource Partners LP (NYSE:NRP) hit a new 52-week high during trading on Monday . The stock traded as high as $111.15 and last traded at $110.59, with a volume of 8752 shares trading hands. The stock had previously closed at $109.37.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Natural Resource Partners in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Natural Resource Partners Stock Performance

The firm’s 50-day moving average price is $104.22 and its 200 day moving average price is $103.09. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 10.19 and a beta of 0.20. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.14 and a current ratio of 2.14.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings results on Tuesday, November 4th. The energy company reported $2.28 earnings per share (EPS) for the quarter. The business had revenue of $49.93 million for the quarter. Natural Resource Partners had a return on equity of 25.31% and a net margin of 64.78%.

Natural Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 18th were issued a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $3.00 annualized dividend and a dividend yield of 2.7%. Natural Resource Partners’s payout ratio is 27.47%.

Institutional Trading of Natural Resource Partners

Several hedge funds have recently added to or reduced their stakes in NRP. First Foundation Advisors grew its position in shares of Natural Resource Partners by 3.2% in the 3rd quarter. First Foundation Advisors now owns 7,941 shares of the energy company’s stock valued at $834,000 after purchasing an additional 245 shares during the period. Progeny 3 Inc. raised its holdings in shares of Natural Resource Partners by 3.3% during the third quarter. Progeny 3 Inc. now owns 312,523 shares of the energy company’s stock worth $32,815,000 after acquiring an additional 9,973 shares during the period. Mountain Lake Investment Management LLC lifted its position in Natural Resource Partners by 21.5% in the 3rd quarter. Mountain Lake Investment Management LLC now owns 45,622 shares of the energy company’s stock valued at $4,790,000 after acquiring an additional 8,072 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Natural Resource Partners in the 3rd quarter worth $334,000. Finally, Bank of America Corp DE increased its holdings in Natural Resource Partners by 1.9% during the 3rd quarter. Bank of America Corp DE now owns 53,662 shares of the energy company’s stock worth $5,635,000 after purchasing an additional 993 shares in the last quarter. Institutional investors and hedge funds own 31.77% of the company’s stock.

About Natural Resource Partners

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.