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

Natural Resource Partners L.P. (NYSE:NRP) shares saw an uptick in trading volume on Wednesday . 22,503 shares traded 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 has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $105.95 and a 200-day moving average of $100.08. The firm has a market capitalization of $1.32 billion, a P/E ratio of 8.18 and a beta of 0.56.

Natural Resource Partners Dividend Announcement

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

Hedge Funds Weigh In On Natural Resource Partners

Several institutional investors and hedge funds have recently modified their holdings of NRP. Covestor Ltd grew its position in shares of Natural Resource Partners by 26.1% during the 4th quarter. Covestor Ltd now owns 773 shares of the energy company’s stock worth $86,000 after purchasing an additional 160 shares in the last quarter. US Bancorp DE acquired a new stake in Natural Resource Partners during the fourth quarter worth approximately $33,000. Larson Financial Group LLC bought a new position in Natural Resource Partners during the 4th quarter worth $89,000. Pekin Hardy Strauss Inc. raised its holdings in Natural Resource Partners by 7.5% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 17,950 shares of the energy company’s stock valued at $1,756,000 after acquiring an additional 1,260 shares in the last quarter. Finally, Avalon Capital Management bought a new stake in shares of Natural Resource Partners during the 4th quarter valued at $222,000. 31.77% of the stock is currently 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.