Natural Resource Partners (NYSE:NRP) Sees Large Volume Increase – Here’s Why

Natural Resource Partners L.P. (NYSE:NRP) shares saw an uptick in trading volume on Friday . 33,511 shares changed hands during 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 Trading Up 1.2 %

The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.33 and a current ratio of 2.33. The firm has a market capitalization of $1.41 billion, a P/E ratio of 8.76 and a beta of 0.57. The firm has a 50 day moving average price of $107.14 and a two-hundred day moving average price of $98.21.

Natural Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 19th were given a $0.75 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is 24.14%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Natural Resource Partners in the 2nd quarter valued at approximately $34,000. Exchange Traded Concepts LLC raised its stake in Natural Resource Partners by 14.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,322 shares of the energy company’s stock valued at $716,000 after purchasing an additional 898 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Natural Resource Partners in the third quarter valued at $5,433,000. Solidarity Wealth LLC boosted its position in shares of Natural Resource Partners by 1,038.6% in the third quarter. Solidarity Wealth LLC now owns 46,615 shares of the energy company’s stock worth $4,559,000 after buying an additional 42,521 shares during the period. Finally, Covestor Ltd purchased a new position in shares of Natural Resource Partners during the third quarter valued at $60,000. 31.77% of the stock is currently 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.