Natural Resource Partners (NYSE:NRP) Sees Unusually-High Trading Volume – What’s Next?

Shares of Natural Resource Partners L.P. (NYSE:NRP) saw an uptick in trading volume on Thursday . 23,797 shares changed hands during trading, a decline of 12% from the previous session’s volume of 27,092 shares.The stock last traded at $102.50 and had previously closed at $100.32.

Natural Resource Partners Stock Up 6.5 %

The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 8.49 and a beta of 0.56. The business has a 50 day moving average of $105.27 and a 200 day moving average of $100.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.33 and a quick ratio of 2.33.

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

Natural Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.75 per share. 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 is 24.14%.

Institutional Investors Weigh In On Natural Resource Partners

A number of institutional investors have recently added to or reduced their stakes in the stock. Horizon Kinetics Asset Management LLC bought a new position in shares of Natural Resource Partners during the 3rd quarter worth approximately $1,899,000. Meixler Investment Management Ltd. raised its stake in Natural Resource Partners by 22.2% during the third quarter. Meixler Investment Management Ltd. now owns 40,885 shares of the energy company’s stock worth $3,999,000 after acquiring an additional 7,430 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Natural Resource Partners during the third quarter valued at $294,000. International Assets Investment Management LLC acquired a new stake in shares of Natural Resource Partners in the 3rd quarter valued at $5,433,000. Finally, Mountain Lake Investment Management LLC bought a new stake in shares of Natural Resource Partners in the 4th quarter worth about $1,222,000. 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.