Natural Resource Partners (NYSE:NRP) Sets New 1-Year High - Should You Buy?

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

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Natural Resource Partners from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 17th.

Natural Resource Partners Stock Performance

The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 8.53 and a beta of 0.50. The stock's 50 day moving average is $99.30 and its 200 day moving average is $93.54. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.35.

Natural Resource Partners Announces Dividend

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 paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.83%. Natural Resource Partners's dividend payout ratio is currently 24.14%.

Institutional Investors Weigh In On Natural Resource Partners

Several hedge funds have recently modified their holdings of the company. L1 Capital International Pty Ltd acquired a new stake in shares of Natural Resource Partners during the 1st quarter worth about $13,890,000. Eubel Brady & Suttman Asset Management Inc. boosted its stake in shares of Natural Resource Partners by 1,035.2% during the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 117,100 shares of the energy company's stock worth $10,497,000 after purchasing an additional 106,785 shares during the last quarter. ING Groep NV boosted its stake in shares of Natural Resource Partners by 20.1% during the 3rd quarter. ING Groep NV now owns 65,310 shares of the energy company's stock worth $6,387,000 after purchasing an additional 10,910 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Natural Resource Partners during the 3rd quarter worth about $5,433,000. Finally, Solidarity Wealth LLC boosted its stake in shares of Natural Resource Partners by 1,038.6% during 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. 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.