ValuEngine upgraded shares of Natural Resource Partners (NYSE:NRP) from a buy rating to a strong-buy rating in a research report report published on Friday morning.
A number of other brokerages have also recently commented on NRP. BidaskClub upgraded Natural Resource Partners from a strong sell rating to a sell rating in a research note on Saturday, August 5th. Stifel Nicolaus reiterated a hold rating on shares of Natural Resource Partners in a research note on Friday, October 13th. Finally, Zacks Investment Research cut Natural Resource Partners from a hold rating to a strong sell rating in a research note on Friday, November 10th.
Shares of Natural Resource Partners (NYSE NRP) traded down $0.20 on Friday, hitting $24.95. The stock had a trading volume of 31,800 shares, compared to its average volume of 38,412. Natural Resource Partners has a one year low of $22.81 and a one year high of $45.60. The company has a market cap of $307.64, a PE ratio of 12.45 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 3.12.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date was Monday, November 6th. Natural Resource Partners’s payout ratio is 72.00%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of Natural Resource Partners by 5.5% in the 1st quarter. Bank of America Corp DE now owns 15,188 shares of the energy company’s stock valued at $549,000 after acquiring an additional 790 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of Natural Resource Partners by 306.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,768 shares of the energy company’s stock valued at $118,000 after acquiring an additional 3,594 shares during the last quarter. Maple Rock Capital Partners Inc. raised its position in Natural Resource Partners by 1.1% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 686,110 shares of the energy company’s stock worth $16,981,000 after purchasing an additional 7,500 shares during the last quarter. GSA Capital Partners LLP bought a new position in Natural Resource Partners during the 2nd quarter worth $254,000. Finally, Marshall Wace North America L.P. bought a new position in Natural Resource Partners during the 2nd quarter worth $308,000. Institutional investors own 22.59% of the company’s stock.
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About Natural Resource Partners
Natural Resource Partners L.P. owns, operates, manages and leases a portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, construction aggregates and other natural resources. Coal Royalty and Other segment consists primarily of coal royalty and coal related transportation and processing assets.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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