Short Interest in Natural Resource Partners LP (NYSE:NRP) Expands By 40.4%

Natural Resource Partners LP (NYSE:NRP) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 109,400 shares, a growth of 40.4% from the July 31st total of 77,900 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average trading volume of 15,200 shares, the short-interest ratio is currently 7.2 days.

Shares of NRP stock traded up $0.20 during trading hours on Friday, hitting $27.13. The company’s stock had a trading volume of 3,960 shares, compared to its average volume of 19,698. The company has a 50 day moving average of $27.94 and a 200 day moving average of $36.57. The stock has a market cap of $336.54 million, a PE ratio of 4.60 and a beta of 0.02. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.13. Natural Resource Partners has a 12-month low of $25.45 and a 12-month high of $44.71.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.63%. The ex-dividend date was Tuesday, August 6th. Natural Resource Partners’s dividend payout ratio (DPR) is currently 30.51%.

Separately, ValuEngine downgraded shares of Natural Resource Partners from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th.

Hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP acquired a new position in shares of Natural Resource Partners in the 2nd quarter valued at $415,000. Catalyst Capital Advisors LLC acquired a new position in shares of Natural Resource Partners in the 2nd quarter valued at $585,000. Russell Investments Group Ltd. lifted its stake in shares of Natural Resource Partners by 14.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 16,866 shares of the energy company’s stock valued at $598,000 after purchasing an additional 2,100 shares during the period. Bank of Montreal Can acquired a new position in shares of Natural Resource Partners in the 1st quarter valued at $915,000. Finally, Van ECK Associates Corp lifted its stake in shares of Natural Resource Partners by 2.3% in the 2nd quarter. Van ECK Associates Corp now owns 29,252 shares of the energy company’s stock valued at $1,037,000 after purchasing an additional 650 shares during the period. 38.23% of the stock is currently owned by institutional investors and hedge funds.

Natural Resource Partners Company Profile

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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