Natural Resource Partners (NYSE:NRP) Reaches New 1-Year High – Still a Buy?

Natural Resource Partners L.P. (NYSE:NRP)’s stock price hit a new 52-week high on Friday . The company traded as high as $113.04 and last traded at $113.04, with a volume of 4628 shares. The stock had previously closed at $106.75.

Analysts Set New Price Targets

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

Natural Resource Partners Stock Performance

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 stock has a market cap of $1.36 billion, a P/E ratio of 9.09 and a beta of 0.50. The firm has a 50 day moving average of $98.96 and a two-hundred day moving average of $93.41.

Natural Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 19th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $3.00 annualized dividend and a yield of 2.86%. Natural Resource Partners’s dividend payout ratio (DPR) is 24.14%.

Hedge Funds Weigh In On Natural Resource Partners

Hedge funds have recently modified their holdings of the stock. L1 Capital International Pty Ltd acquired a new stake in Natural Resource Partners in the 1st quarter valued at $13,890,000. Eubel Brady & Suttman Asset Management Inc. boosted its stake in shares of Natural Resource Partners by 1,035.2% in the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 117,100 shares of the energy company’s stock valued at $10,497,000 after purchasing an additional 106,785 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Natural Resource Partners in the 3rd quarter valued at $5,433,000. Solidarity Wealth LLC grew its holdings in shares of Natural Resource Partners by 1,038.6% in the 3rd quarter. Solidarity Wealth LLC now owns 46,615 shares of the energy company’s stock worth $4,559,000 after purchasing an additional 42,521 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC acquired a new stake in shares of Natural Resource Partners during the 3rd quarter worth about $1,899,000. 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.