Natural Resource Partners (NYSE:NRP) Shares Gap Up – Still a 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.

Natural Resource Partners Price Performance

The stock’s fifty day moving average price is $104.76 and its 200-day moving average price is $96.92. The firm has a market cap of $1.44 billion, a PE ratio of 8.93 and a beta of 0.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.33 and a quick ratio of 2.33.

Natural Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders 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 dividend on an annualized basis and a yield of 2.70%. Natural Resource Partners’s payout ratio is 24.14%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NRP. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Natural Resource Partners in the second quarter valued at approximately $34,000. Covestor Ltd acquired a new stake in shares of Natural Resource Partners in the 3rd quarter worth $60,000. Jane Street Group LLC acquired a new stake in shares of Natural Resource Partners in the 3rd quarter worth $294,000. Landscape Capital Management L.L.C. acquired a new position in shares of Natural Resource Partners during the 3rd quarter valued at about $324,000. Finally, Exchange Traded Concepts LLC boosted 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 acquiring an additional 898 shares during the last quarter. 31.77% of the stock is currently owned by institutional investors and hedge funds.

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.