Natural Resource Partners (NYSE:NRP) Shares Gap Up - Time to Buy?

Natural Resource Partners L.P. (NYSE:NRP - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $100.23, but opened at $103.64. Natural Resource Partners shares last traded at $100.86, with a volume of 17,664 shares trading hands.

Natural Resource Partners Trading Up 0.5 %

The stock has a market capitalization of $1.33 billion, a P/E ratio of 8.28 and a beta of 0.30. The firm's 50 day simple moving average is $101.41 and its two-hundred day simple moving average is $103.42. 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 (NYSE:NRP - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The energy company reported $3.15 earnings per share for the quarter. The business had revenue of $65.73 million for the quarter. Natural Resource Partners had a net margin of 68.22% and a return on equity of 39.69%.

Natural Resource Partners Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were given a dividend of $1.21 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Natural Resource Partners's previous dividend of $0.35. Natural Resource Partners's dividend payout ratio is currently 26.62%.

Institutional Trading of Natural Resource Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of NRP. Inscription Capital LLC purchased a new stake in shares of Natural Resource Partners during the 1st quarter valued at $520,000. Exchange Traded Concepts LLC boosted its holdings in shares of Natural Resource Partners by 15.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,875 shares of the energy company's stock worth $818,000 after purchasing an additional 1,082 shares in the last quarter. DHK Financial Advisors Inc. increased its position in shares of Natural Resource Partners by 11.7% during the 1st quarter. DHK Financial Advisors Inc. now owns 4,404 shares of the energy company's stock valued at $458,000 after purchasing an additional 462 shares during the last quarter. Formidable Asset Management LLC purchased a new stake in Natural Resource Partners in the fourth quarter worth approximately $222,000. Finally, Progeny 3 Inc. bought a new position in Natural Resource Partners during the fourth quarter valued at approximately $15,732,000. Institutional investors 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.