Natural Resource Partners LP (NYSE:NRP) Short Interest Update

Natural Resource Partners LP (NYSE:NRP) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 77,900 shares, an increase of 8.6% from the June 30th total of 71,700 shares. Based on an average daily trading volume, of 16,800 shares, the days-to-cover ratio is presently 4.6 days. Approximately 1.1% of the shares of the company are sold short.

A number of large investors have recently modified their holdings of the business. Avalon Advisors LLC bought a new stake in shares of Natural Resource Partners during the first quarter valued at approximately $211,000. First Trust Advisors LP bought a new stake in shares of Natural Resource Partners during the second quarter valued at approximately $415,000. Catalyst Capital Advisors LLC bought a new stake in shares of Natural Resource Partners during the second quarter valued at approximately $585,000. Russell Investments Group Ltd. raised its position in shares of Natural Resource Partners by 14.2% during the second quarter. Russell Investments Group Ltd. now owns 16,866 shares of the energy company’s stock valued at $598,000 after buying an additional 2,100 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Natural Resource Partners during the first quarter valued at approximately $915,000. 36.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of NRP traded down $0.73 on Friday, reaching $27.50. The company’s stock had a trading volume of 11,036 shares, compared to its average volume of 20,510. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.77 and a quick ratio of 2.70. The stock has a market capitalization of $346.10 million, a P/E ratio of 4.66 and a beta of -0.02. The stock’s 50 day simple moving average is $32.12 and its two-hundred day simple moving average is $38.34. Natural Resource Partners has a 12-month low of $26.10 and a 12-month high of $44.71.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $1.32. Natural Resource Partners had a net margin of 37.57% and a return on equity of 31.85%. The company had revenue of $81.47 million for the quarter, compared to the consensus estimate of $61.50 million. Analysts expect that Natural Resource Partners will post 4.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.55%. The ex-dividend date was Tuesday, August 6th. Natural Resource Partners’s dividend payout ratio is currently 30.51%.

Separately, ValuEngine raised shares of Natural Resource Partners from a “sell” rating to a “hold” rating in a report on Monday.

About Natural Resource Partners

Natural Resource Partners L.P., through its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates through two segments, Coal Royalty and Other, and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in Appalachia, the Illinois Basin, and the Northern Powder River Basin in the United States; aggregates and industrial minerals are located in the United States; oil and gas royalty assets located in Louisiana; and trona ore mining operation and soda ash refinery located in the Green River Basin, Wyoming.

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