Natural Resource Partners (NYSE:NRP) Sets New 1-Year High – Here’s What Happened

Natural Resource Partners LP (NYSE:NRP) shares reached a new 52-week high on Tuesday . The stock traded as high as $122.68 and last traded at $122.1480, with a volume of 11360 shares traded. The stock had previously closed at $119.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Natural Resource Partners in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Natural Resource Partners Stock Down 0.2%

The firm has a 50-day moving average of $106.45 and a two-hundred day moving average of $104.30. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 10.92 and a beta of 0.20. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.09.

Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings results on Tuesday, November 4th. The energy company reported $2.28 EPS for the quarter. Natural Resource Partners had a return on equity of 25.31% and a net margin of 64.78%.The company had revenue of $49.93 million for the quarter.

Natural Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 18th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, November 18th. Natural Resource Partners’s dividend payout ratio is presently 27.47%.

Institutional Trading of Natural Resource Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its position in shares of Natural Resource Partners by 144.0% during the second quarter. NewEdge Advisors LLC now owns 266 shares of the energy company’s stock valued at $25,000 after buying an additional 157 shares during the last quarter. Raymond James Financial Inc. bought a new position in Natural Resource Partners during the second quarter valued at about $137,000. State of Wyoming increased its stake in Natural Resource Partners by 65.4% during the third quarter. State of Wyoming now owns 1,871 shares of the energy company’s stock valued at $196,000 after acquiring an additional 740 shares during the period. Avalon Capital Management acquired a new position in Natural Resource Partners in the 3rd quarter valued at approximately $210,000. Finally, Jump Financial LLC lifted its position in shares of Natural Resource Partners by 8.1% in the 2nd quarter. Jump Financial LLC now owns 2,444 shares of the energy company’s stock worth $233,000 after acquiring an additional 184 shares during the period. 31.77% of the stock is currently owned by institutional investors and hedge funds.

Natural Resource Partners Company Profile

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.