Natural Resource Partners (NYSE:NRP) Trading 5.8% Higher – Here’s Why

Natural Resource Partners LP (NYSE:NRP)’s share price rose 5.8% on Thursday . The stock traded as high as $124.72 and last traded at $124.7490. Approximately 29,776 shares changed hands during trading, a decline of 37% from the average daily volume of 47,402 shares. The stock had previously closed at $117.91.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Natural Resource Partners in a report on Thursday, January 22nd. Wall Street Zen lowered Natural Resource Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Natural Resource Partners Stock Performance

The firm’s 50-day moving average is $119.29 and its two-hundred day moving average is $109.39. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 12.10 and a beta of 0.20.

Natural Resource Partners (NYSE:NRP) last released its earnings results on Friday, February 27th. The energy company reported $2.27 earnings per share (EPS) for the quarter. The business had revenue of $48.40 million during the quarter. Natural Resource Partners had a net margin of 65.16% and a return on equity of 22.52%.

Natural Resource Partners Dividend Announcement

The business also recently announced a special dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, March 10th. Natural Resource Partners’s payout ratio is currently 29.88%.

Hedge Funds Weigh In On Natural Resource Partners

Institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC grew its holdings in Natural Resource Partners by 12,329.6% in the 2nd quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock valued at $59,357,000 after buying an additional 616,478 shares in the last quarter. Saber Capital Managment LLC purchased a new position in shares of Natural Resource Partners during the 4th quarter worth $21,766,000. Morgan Stanley boosted its position in shares of Natural Resource Partners by 14.3% during the 4th quarter. Morgan Stanley now owns 1,006,232 shares of the energy company’s stock valued at $105,051,000 after acquiring an additional 125,530 shares during the last quarter. Nitor Capital Management LLC acquired a new position in shares of Natural Resource Partners during the 4th quarter valued at about $6,703,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Natural Resource Partners by 9.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 748,185 shares of the energy company’s stock valued at $78,111,000 after purchasing an additional 63,350 shares during the period. Hedge funds and other institutional investors own 31.77% of the company’s stock.

About Natural Resource Partners

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.