Natural Resource Partners (NYSE:NRP) Stock Price Up 1.3% – Here’s Why

Natural Resource Partners L.P. (NYSE:NRP) shot up 1.3% during trading on Monday . The company traded as high as $107.50 and last traded at $107.50. 484 shares traded hands during trading, a decline of 98% from the average session volume of 27,844 shares. The stock had previously closed at $106.09.

Natural Resource Partners Trading Up 0.0 %

The company has a fifty day moving average of $103.92 and a 200-day moving average of $96.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.33 and a quick ratio of 2.33. The firm has a market capitalization of $1.38 billion, a PE ratio of 8.54 and a beta of 0.56.

Natural Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 19th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, November 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.83%. Natural Resource Partners’s dividend payout ratio (DPR) is presently 24.14%.

Hedge Funds Weigh In On Natural Resource Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Eubel Brady & Suttman Asset Management Inc. raised its stake in Natural Resource Partners by 1,035.2% during the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 117,100 shares of the energy company’s stock worth $10,497,000 after buying an additional 106,785 shares during the period. Pekin Hardy Strauss Inc. acquired a new position in Natural Resource Partners during the second quarter worth approximately $1,496,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Natural Resource Partners during the 2nd quarter valued at $34,000. Exchange Traded Concepts LLC boosted its holdings in shares of Natural Resource Partners by 14.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,322 shares of the energy company’s stock worth $716,000 after buying an additional 898 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Natural Resource Partners in the 3rd quarter valued at $5,433,000. Institutional investors and hedge funds own 31.77% of the company’s stock.

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.