Natural Resource Partners (NYSE:NRP) Sees Unusually-High Trading Volume – Here’s Why

Natural Resource Partners L.P. (NYSE:NRP) shares saw unusually-high trading volume on Thursday . Approximately 23,797 shares changed hands during mid-day trading, a decline of 12% from the previous session’s volume of 27,092 shares.The stock last traded at $102.50 and had previously closed at $100.32.

Natural Resource Partners Trading Up 6.5 %

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 company has a fifty day moving average of $105.27 and a 200-day moving average of $100.39. The firm has a market capitalization of $1.37 billion, a PE ratio of 8.49 and a beta of 0.56.

Natural Resource Partners (NYSE:NRP) last announced 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 during the quarter. Natural Resource Partners had a return on equity of 39.69% and a net margin of 68.22%.

Natural Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.84%. The ex-dividend date was Tuesday, February 18th. Natural Resource Partners’s payout ratio is 24.14%.

Institutional Trading of Natural Resource Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE bought a new position in shares of Natural Resource Partners in the 4th quarter valued at approximately $33,000. Covestor Ltd acquired a new position in Natural Resource Partners during the third quarter valued at approximately $60,000. Larson Financial Group LLC bought a new position in shares of Natural Resource Partners in the fourth quarter valued at approximately $89,000. Avalon Capital Management acquired a new stake in shares of Natural Resource Partners in the fourth quarter worth $222,000. Finally, Formidable Asset Management LLC bought a new stake in shares of Natural Resource Partners during the 4th quarter worth $222,000. Institutional investors and hedge funds own 31.77% of the company’s stock.

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.