Natural Resource Partners LP (NYSE: NRP – Get a rating) experienced a significant decline in short-term interest during the month of May. As of May 31, there was short interest totaling 60,700 shares, down 36.2% from the May 15 total of 95,200 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume of 34,200 shares, the day-to-cover ratio is currently 1.8 days.
A number of large investors have recently increased or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in Natural Resource Partners by 26.2% in the first quarter. Bank of America Corp DE now owns 29,413 shares of the energy company worth $1,257,000 after acquiring 6,102 additional shares during the period. BNP Paribas Arbitrage SA increased its stake in Natural Resource Partners by 360.9% during the first quarter. BNP Paribas Arbitrage SA now owns 77,722 shares of the energy company worth $3,322,000 after acquiring an additional 60,859 shares during the period. Avalon Investment & Advisory acquired a new position in Natural Resource Partners during the first quarter worth approximately $214,000. Matrix Private Capital Group LLC acquired a new position in Natural Resource Partners during the first quarter worth approximately $241,000. Finally, Acadian Asset Management LLC increased its stake in Natural Resource Partners by 168.2% during the first quarter. Acadian Asset Management LLC now owns 52,498 shares of the energy company worth $2,243,000 after acquiring 32,927 additional shares during the period. 38.48% of the shares are currently held by hedge funds and other institutional investors.
Separately, StockNews.com began covering Natural Resource Partners in a research note on Thursday, March 31. They issued a “Strong Buy” rating on the stock.
NRP stock opened at $46.83 on Monday. The company has a debt ratio of 1.23, a quick ratio of 2.52 and a current ratio of 2.52. The stock has a market capitalization of $578.40 million, a price-earnings ratio of 6.51 and a beta of 0.46. Natural Resource Partners has a 1-year low of $19.07 and a 1-year high of $50.81. The stock’s fifty-day moving average is $46.95 and its two-hundred-day moving average is $39.96.
Natural Resource Partners (NYSE: NRP – Get a rating) last reported results on Thursday, May 5. The energy company reported earnings per share (EPS) of $3.11 for the quarter. The company posted revenue of $89.72 million for the quarter. Natural Resource Partners achieved a return on equity of 56.63% and a net margin of 52.43%.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 24. Investors of record on Tuesday, May 17 received a dividend of $0.75 per share. This is a positive change from Natural Resource Partners’ previous quarterly dividend of $0.45. This represents a dividend of $3.00 on an annualized basis and a yield of 6.41%. The ex-dividend date was Monday, May 16. Natural Resource Partners’ payout ratio is currently 41.72%.
Natural Resources Partners Company Profile (Get a rating)
Natural Resource Partners LP, through its subsidiaries, owns, manages and leases a portfolio of mineral properties in the United States. It operates through two segments, mining rights and soda ash. The company has interests in coal, soda ash, trona and other natural resources. Its coal reserves are primarily located in the Appalachians, Illinois Basin, and North Powder River Basin in the United States; the industrial minerals and aggregates properties are located in the United States; oil and gas properties located in Louisiana; forestry assets located in West Virginia; and the trona ore mining and soda ash refinery is located in the Green River Basin, Wyoming.
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