Natural Resource Partners (NYSE:NRP) Trading Down 4.6% – What’s Next?

Shares of Natural Resource Partners L.P. (NYSE:NRP) fell 4.6% during trading on Thursday . The company traded as low as $105.88 and last traded at $105.88. 17,542 shares changed hands during trading, a decline of 37% from the average session volume of 27,930 shares. The stock had previously closed at $111.00.

Natural Resource Partners Stock Performance

The company has a market capitalization of $1.44 billion, a P/E ratio of 8.93 and a beta of 0.57. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.35. The company’s fifty day moving average is $105.33 and its 200 day moving average is $97.13.

Natural Resource Partners Announces Dividend

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

Hedge Funds Weigh In On Natural Resource Partners

Large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new stake in Natural Resource Partners during the second quarter valued at approximately $34,000. Covestor Ltd bought a new stake in shares of Natural Resource Partners during the 3rd quarter worth $60,000. Jane Street Group LLC purchased a new position in Natural Resource Partners in the third quarter worth $294,000. Landscape Capital Management L.L.C. purchased a new position in shares of Natural Resource Partners in the 3rd quarter worth about $324,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Natural Resource Partners by 14.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,322 shares of the energy company’s stock valued at $716,000 after purchasing an additional 898 shares during the last quarter. 31.77% of the stock is currently owned by institutional investors.

About Natural Resource Partners

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.