Natural Resource Partners L.P. (NYSE:NRP – Get Rating)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $43.33, but opened at $46.32. Natural Resource Partners shares last traded at $46.32, with a volume of 1 shares.
Natural Resource Partners Stock Up 2.5 %
The business's 50 day moving average is $42.07 and its 200-day moving average is $43.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $571.73 million, a PE ratio of 4.67 and a beta of 0.56.
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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 23rd. Shareholders of record on Tuesday, August 16th were issued a dividend of $0.75 per share. The ex-dividend date was Monday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 6.48%. Natural Resource Partners's payout ratio is currently 30.24%.
Institutional Trading of Natural Resource Partners
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NRP. Advisor Group Holdings Inc. raised its holdings in Natural Resource Partners by 25.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,462 shares of the energy company's stock worth $49,000 after purchasing an additional 300 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new stake in Natural Resource Partners during the fourth quarter worth approximately $564,000. Acadian Asset Management LLC increased its holdings in shares of Natural Resource Partners by 73.8% in the 4th quarter. Acadian Asset Management LLC now owns 19,571 shares of the energy company's stock valued at $653,000 after acquiring an additional 8,311 shares during the period. Level Four Advisory Services LLC acquired a new position in shares of Natural Resource Partners in the 4th quarter valued at $244,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Natural Resource Partners by 8.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,112,205 shares of the energy company's stock valued at $37,170,000 after acquiring an additional 86,136 shares during the period. Institutional investors and hedge funds own 38.12% of the company's stock.Natural Resource Partners Company Profile
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Natural Resource Partners L.P., through its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates through 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 Appalachia, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties are located in the United States; oil and gas properties located in Louisiana; timber assets located in West Virginia; and trona ore mining operation and soda ash refinery are located in the Green River Basin, Wyoming.
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