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

Natural Resource Partners L.P. (NYSE:NRP) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $113.04 and last traded at $113.04, with a volume of 4628 shares traded. The stock had previously closed at $106.75.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 17th.

Natural Resource Partners Trading Down 0.7 %

The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 8.53 and a beta of 0.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.33 and a current ratio of 2.33. The firm has a fifty day moving average of $99.30 and a 200-day moving average of $93.54.

Natural Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, November 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.83%. Natural Resource Partners’s dividend payout ratio is currently 24.14%.

Hedge Funds Weigh In On Natural Resource Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Natural Resource Partners in the second quarter worth about $34,000. Covestor Ltd purchased a new stake in Natural Resource Partners during the 3rd quarter worth approximately $60,000. PEAK6 Investments LLC acquired a new position in shares of Natural Resource Partners in the 1st quarter valued at approximately $207,000. Jane Street Group LLC purchased a new position in shares of Natural Resource Partners during the 3rd quarter valued at approximately $294,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Natural Resource Partners during the third quarter worth approximately $324,000. 31.77% of the stock is owned by hedge funds and other institutional investors.

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.