Natural Resource Partners (NYSE:NRP) Sets New 1-Year High Following Dividend Announcement

by · The Cerbat Gem

Natural Resource Partners L.P. (NYSE:NRP – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as $102.00 and last traded at $101.34, with a volume of 60152 shares. The stock had previously closed at $99.00.

The newly announced dividend which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 19th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Tuesday, November 19th. Natural Resource Partners’s payout ratio is 22.49%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 17th.

Check Out Our Latest Stock Report on Natural Resource Partners

Natural Resource Partners Stock Performance

The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 7.52 and a beta of 0.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.43 and a current ratio of 2.43. The firm has a 50-day simple moving average of $94.39 and a two-hundred day simple moving average of $92.10.

Natural Resource Partners (NYSE:NRP – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The energy company reported $2.29 earnings per share (EPS) for the quarter. The business had revenue of $65.54 million during the quarter. Natural Resource Partners had a return on equity of 44.97% and a net margin of 70.55%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP grew its holdings in Natural Resource Partners by 11.2% during the first quarter. GSA Capital Partners LLP now owns 9,939 shares of the energy company’s stock worth $914,000 after acquiring an additional 999 shares during the period. Ruedi Wealth Management Inc. acquired a new position in Natural Resource Partners during the first quarter worth $51,000. Stokes Family Office LLC acquired a new position in Natural Resource Partners during the first quarter worth $518,000. Meixler Investment Management Ltd. grew its holdings in Natural Resource Partners by 11.7% during the first quarter. Meixler Investment Management Ltd. now owns 31,480 shares of the energy company’s stock worth $2,896,000 after acquiring an additional 3,298 shares during the period. Finally, MAS Advisors LLC grew its holdings in Natural Resource Partners by 73.8% during the first quarter. MAS Advisors LLC now owns 5,682 shares of the energy company’s stock worth $523,000 after acquiring an additional 2,413 shares during the period. Institutional investors and hedge funds own 31.77% of the company’s stock.

About Natural Resource Partners

(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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