Natural Resource Partners (NYSE:NRP) Trading Up 8.5% – What’s Next?

Natural Resource Partners L.P. (NYSE:NRP) traded up 8.5% on Wednesday . The stock traded as high as $103.00 and last traded at $103.09. 27,985 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 30,094 shares. The stock had previously closed at $95.01.

Natural Resource Partners Price Performance

The company has a market capitalization of $1.37 billion, a PE ratio of 8.50 and a beta of 0.56. 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 stock’s 50 day simple moving average is $104.93 and its 200-day simple moving average is $100.76.

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. Natural Resource Partners had a net margin of 68.22% and a return on equity of 39.69%. The company had revenue of $65.73 million during the quarter.

Natural Resource Partners Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $1.21 per share. This is an increase from Natural Resource Partners’s previous dividend of $0.35. The ex-dividend date is Tuesday, March 11th. Natural Resource Partners’s dividend payout ratio is 26.62%.

Hedge Funds Weigh In On Natural Resource Partners

Several hedge funds have recently added to or reduced their stakes in NRP. US Bancorp DE purchased a new position in shares of Natural Resource Partners during the fourth quarter worth approximately $33,000. Covestor Ltd purchased a new position in Natural Resource Partners during the 3rd quarter worth $60,000. Larson Financial Group LLC acquired a new position in Natural Resource Partners in the fourth quarter valued at $89,000. Avalon Capital Management purchased a new stake in shares of Natural Resource Partners in the fourth quarter valued at about $222,000. Finally, Formidable Asset Management LLC acquired a new stake in shares of Natural Resource Partners during the fourth quarter worth about $222,000. 31.77% of the stock is currently owned by hedge funds and other institutional investors.

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.