Shares of Natural Resource Partners L.P. (NYSE:NRP – Get Free Report) fell 2.2% on Tuesday . The stock traded as low as $70.06 and last traded at $70.06. 1,330 shares changed hands during trading, a decline of 95% from the average session volume of 26,272 shares. The stock had previously closed at $71.60.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of Natural Resource Partners in a research note on Thursday, October 5th. They issued a “buy” rating on the stock.
Natural Resource Partners Price Performance
Natural Resource Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 14th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $3.00 annualized dividend and a dividend yield of 4.23%. Natural Resource Partners’s dividend payout ratio is currently 25.06%.
Institutional Trading of Natural Resource Partners
Institutional investors and hedge funds have recently bought and sold shares of the business. State of Wyoming acquired a new position in Natural Resource Partners during the 2nd quarter worth $31,000. Global Retirement Partners LLC acquired a new position in shares of Natural Resource Partners during the first quarter worth about $47,000. Chilton Capital Management LLC purchased a new stake in shares of Natural Resource Partners during the first quarter worth approximately $83,000. Tower Research Capital LLC TRC acquired a new stake in Natural Resource Partners in the first quarter valued at approximately $123,000. Finally, Avalon Investment & Advisory purchased a new position in Natural Resource Partners in the first quarter worth approximately $214,000. 34.26% of the stock is currently owned by hedge funds and other 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; oil and gas properties located in Louisiana; timber assets located in West Virginia; and trona ore mining operation and soda ash refinery located in the Green River Basin, Wyoming.
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