Natural Resource Partners (NYSE:NRP) Shares Up 4.2% – Time to Buy?

Natural Resource Partners L.P. (NYSE:NRP) shares rose 4.2% during mid-day trading on Thursday . The stock traded as high as $101.50 and last traded at $104.05. Approximately 893 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 28,728 shares. The stock had previously closed at $99.89.

Natural Resource Partners Stock Up 4.4 %

The stock has a market capitalization of $1.35 billion, a P/E ratio of 8.39 and a beta of 0.30. 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 stock’s 50 day simple moving average is $101.43 and its 200 day simple moving average is $103.28.

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

Natural Resource Partners Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were given a $1.21 dividend. This is a positive change from Natural Resource Partners’s previous dividend of $0.35. The ex-dividend date was Tuesday, March 11th. Natural Resource Partners’s dividend payout ratio (DPR) is presently 26.62%.

Institutional Investors Weigh In On Natural Resource Partners

Several institutional investors and hedge funds have recently made changes to their positions in the company. Progeny 3 Inc. acquired a new position in Natural Resource Partners in the fourth quarter worth $15,732,000. Solidarity Wealth LLC lifted its position in shares of Natural Resource Partners by 97.8% in the 4th quarter. Solidarity Wealth LLC now owns 92,186 shares of the energy company’s stock worth $10,233,000 after buying an additional 45,571 shares during the last quarter. ING Groep NV boosted its holdings in shares of Natural Resource Partners by 43.8% in the 4th quarter. ING Groep NV now owns 93,910 shares of the energy company’s stock valued at $10,424,000 after buying an additional 28,600 shares during the period. Bank of America Corp DE grew its position in shares of Natural Resource Partners by 48.9% during the 4th quarter. Bank of America Corp DE now owns 57,085 shares of the energy company’s stock valued at $6,336,000 after buying an additional 18,754 shares during the last quarter. Finally, Mountain Lake Investment Management LLC acquired a new stake in Natural Resource Partners during the fourth quarter worth about $1,222,000. 31.77% of the stock is owned by institutional investors and hedge funds.

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.