BidaskClub downgraded shares of Natural Resource Partners LP (NYSE:NRP) from a sell rating to a strong sell rating in a research note published on Friday.

Other equities analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Natural Resource Partners from a strong-buy rating to a buy rating in a research note on Friday, July 7th. Stifel Nicolaus set a $31.00 target price on shares of Natural Resource Partners and gave the stock a hold rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Natural Resource Partners from a sell rating to a hold rating in a research note on Thursday, July 13th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $30.75.

Natural Resource Partners (NYSE NRP) opened at 24.40 on Friday. The company has a market cap of $298.46 million, a PE ratio of 6.87 and a beta of 0.65. Natural Resource Partners has a 52 week low of $16.59 and a 52 week high of $45.60. The company has a 50-day moving average price of $27.38 and a 200 day moving average price of $32.38.

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The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, August 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.38%. This is an increase from Natural Resource Partners’s previous quarterly dividend of $0.35. Natural Resource Partners’s payout ratio is presently 54.22%.

A number of large investors have recently made changes to their positions in NRP. Chicago Partners Investment Group LLC boosted its stake in shares of Natural Resource Partners by 1.1% in the first quarter. Chicago Partners Investment Group LLC now owns 4,062 shares of the energy company’s stock worth $147,000 after buying an additional 44 shares during the period. Wedbush Securities Inc. boosted its stake in shares of Natural Resource Partners by 1.8% in the first quarter. Wedbush Securities Inc. now owns 7,383 shares of the energy company’s stock worth $267,000 after buying an additional 127 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Natural Resource Partners during the second quarter worth $254,000. Marshall Wace North America L.P. bought a new stake in shares of Natural Resource Partners during the second quarter worth $308,000. Finally, Bank of America Corp DE boosted its stake in shares of Natural Resource Partners by 5.5% in the first quarter. Bank of America Corp DE now owns 15,188 shares of the energy company’s stock worth $549,000 after buying an additional 790 shares during the period. 21.61% of the stock is owned by hedge funds and other institutional investors.

Natural Resource Partners Company Profile

Natural Resource Partners L.P. owns, operates, manages and leases a portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, construction aggregates and other natural resources. Coal Royalty and Other segment consists primarily of coal royalty and coal related transportation and processing assets.

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