Natural Resource Partners (NYSE:NRP) Shares Gap Up – Time to Buy?

Natural Resource Partners L.P. (NYSE:NRP) shares gapped up before the market opened on Tuesday . The stock had previously closed at $108.70, but opened at $111.85. Natural Resource Partners shares last traded at $110.71, with a volume of 4,591 shares trading hands.

Natural Resource Partners Trading Up 2.1 %

The business’s 50-day simple moving average is $104.76 and its two-hundred day simple moving average is $96.92. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 8.93 and a beta of 0.56. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.35.

Natural Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 19th were issued a $0.75 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $3.00 annualized dividend and a yield of 2.70%. Natural Resource Partners’s dividend payout ratio (DPR) is presently 24.14%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Eubel Brady & Suttman Asset Management Inc. raised its holdings in shares of Natural Resource Partners by 1,035.2% in the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 117,100 shares of the energy company’s stock valued at $10,497,000 after buying an additional 106,785 shares during the period. Pekin Hardy Strauss Inc. purchased a new stake in Natural Resource Partners during the second quarter worth about $1,496,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Natural Resource Partners during the second quarter worth about $34,000. Exchange Traded Concepts LLC lifted its position in shares of Natural Resource Partners by 14.0% during the third quarter. Exchange Traded Concepts LLC now owns 7,322 shares of the energy company’s stock worth $716,000 after purchasing an additional 898 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Natural Resource Partners in the third quarter valued at approximately $5,433,000. 31.77% of the stock is currently owned by hedge funds and other institutional investors.

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.