Natural Resource Partners L.P. (NYSE:NRP - Get Free Report) shares saw an uptick in trading volume on Friday . 33,511 shares were traded during mid-day trading, a decline of 10% from the previous session's volume of 37,195 shares.The stock last traded at $108.65 and had previously closed at $109.00.
Natural Resource Partners Stock Up 1.2 %
The business has a 50-day simple moving average of $107.14 and a two-hundred day simple moving average of $98.21. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 8.76 and a beta of 0.57. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th were paid 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 2.76%. Natural Resource Partners's payout ratio is presently 24.14%.
Hedge Funds Weigh In On Natural Resource Partners
A number of institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. bought a new position in Natural Resource Partners during the second quarter valued at about $34,000. Covestor Ltd bought a new position in Natural Resource Partners during the third quarter valued at about $60,000. Jane Street Group LLC bought a new position in Natural Resource Partners during the third quarter valued at about $294,000. Landscape Capital Management L.L.C. bought a new position in Natural Resource Partners during the third quarter valued at about $324,000. Finally, Exchange Traded Concepts LLC increased its stake in 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 period. 31.77% of the stock is currently owned by institutional investors.
Natural Resource Partners Company Profile
(
Get Free Report)
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.
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