Natural Resource Partners (NYSE:NRP) Trading Down 4.6% – Here’s Why

Natural Resource Partners L.P. (NYSE:NRP) shares fell 4.6% during trading on Thursday . The company traded as low as $105.88 and last traded at $105.88. 17,542 shares were traded during trading, a decline of 37% from the average session volume of 27,930 shares. The stock had previously closed at $111.00.

Natural Resource Partners Stock Performance

The firm has a market cap of $1.39 billion, a PE ratio of 8.61 and a beta of 0.56. The company has a 50-day simple moving average of $104.76 and a two-hundred day simple moving average of $96.92. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.35.

Natural Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 19th were issued a $0.75 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.80%. Natural Resource Partners’s dividend payout ratio (DPR) is presently 24.14%.

Institutional Investors Weigh In On Natural Resource Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Natural Resource Partners in the second quarter worth $34,000. Covestor Ltd purchased a new stake in shares of Natural Resource Partners during the third quarter valued at approximately $60,000. Jane Street Group LLC purchased a new stake in Natural Resource Partners during the 3rd quarter valued at $294,000. Landscape Capital Management L.L.C. purchased a new position in shares of Natural Resource Partners in the third quarter valued at about $324,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Natural Resource Partners by 14.0% during the third quarter. Exchange Traded Concepts LLC now owns 7,322 shares of the energy company’s stock valued at $716,000 after acquiring an additional 898 shares during the last quarter. 31.77% of the stock is currently owned by 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.