Natural Resource Partners (NYSE:NRP) Shares Down 4.6% – Time to Sell?

Natural Resource Partners L.P. (NYSE:NRP)’s stock price dropped 4.6% during mid-day trading on Thursday . The stock traded as low as $105.88 and last traded at $105.88. Approximately 17,542 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 27,930 shares. The stock had previously closed at $111.00.

Natural Resource Partners Stock Performance

The company has a 50 day moving average of $104.76 and a two-hundred day moving average of $96.92. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.33 and a quick ratio of 2.33. The company has a market capitalization of $1.39 billion, a PE ratio of 8.61 and a beta of 0.56.

Natural Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 19th were paid a $0.75 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.80%. Natural Resource Partners’s payout ratio is currently 24.14%.

Institutional Trading of Natural Resource Partners

Several institutional investors have recently bought and sold shares of the company. Eubel Brady & Suttman Asset Management Inc. lifted its holdings in shares of Natural Resource Partners by 1,035.2% during the second quarter. Eubel Brady & Suttman Asset Management Inc. now owns 117,100 shares of the energy company’s stock valued at $10,497,000 after purchasing an additional 106,785 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Natural Resource Partners in the 3rd quarter worth approximately $5,433,000. Solidarity Wealth LLC lifted its stake in shares of Natural Resource Partners by 1,038.6% during the 3rd quarter. Solidarity Wealth LLC now owns 46,615 shares of the energy company’s stock valued at $4,559,000 after buying an additional 42,521 shares in the last quarter. Horizon Kinetics Asset Management LLC bought a new position in shares of Natural Resource Partners in the third quarter worth about $1,899,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in Natural Resource Partners during the 2nd quarter valued at approximately $1,496,000. 31.77% of the stock is 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.