StockNews.com Begins Coverage on Natural Resource Partners (NYSE:NRP)

StockNews.com began coverage on shares of Natural Resource Partners (NYSE:NRP – Get Rating) in a research note issued to investors on Thursday. The brokerage issued a buy rating on the energy company’s stock.

Natural Resource Partners Trading Down 2.6 %

NRP opened at $51.25 on Thursday. Natural Resource Partners has a 52 week low of $36.21 and a 52 week high of $65.72. The business has a fifty day simple moving average of $54.15 and a 200-day simple moving average of $47.71. The firm has a market cap of $647.80 million, a P/E ratio of 3.87 and a beta of 0.29. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.27.

Natural Resource Partners Announces Dividend

The company also recently declared a None dividend, which will be paid on Tuesday, March 21st. Stockholders of record on Tuesday, March 14th will be given a dividend of $2.43 per share. The ex-dividend date is Monday, March 13th. Natural Resource Partners’s dividend payout ratio is currently 22.66%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Heritage Wealth Management LLC raised its stake in Natural Resource Partners by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 500 shares of the energy company’s stock valued at $27,000 after buying an additional 250 shares in the last quarter. MinichMacGregor Wealth Management LLC acquired a new stake in Natural Resource Partners in the fourth quarter valued at $45,000. Dorsey Wright & Associates acquired a new stake in Natural Resource Partners in the fourth quarter valued at $48,000. Chilton Capital Management LLC acquired a new stake in shares of Natural Resource Partners during the second quarter worth about $59,000. Finally, Hillsdale Investment Management Inc. increased its position in shares of Natural Resource Partners by 960.0% during the third quarter. Hillsdale Investment Management Inc. now owns 2,650 shares of the energy company’s stock worth $117,000 after purchasing an additional 2,400 shares in the last quarter. 38.67% of the stock is currently owned by hedge funds and other institutional investors.

About Natural Resource Partners

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Natural Resource Partners LP engages in the business of owning, managing, and leasing a diversified portfolio of mineral properties. It operates through the Coal Royalty and Other, and Soda Ash segments. The Coal Royalty and Other segment consists of coal royalty properties and coal-related transportation and processing assets.