Natural Resource Partners LP (NYSE:NRP) Short Interest Up 22.8% in February

Natural Resource Partners LP (NYSE:NRP) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 304,246 shares, a growth of 22.8% from the February 12th total of 247,776 shares. Currently, 3.5% of the shares of the company are sold short. Based on an average daily volume of 54,026 shares, the days-to-cover ratio is currently 5.6 days. Based on an average daily volume of 54,026 shares, the days-to-cover ratio is currently 5.6 days. Currently, 3.5% of the shares of the company are sold short.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Natural Resource Partners in a report on Thursday, January 22nd. Wall Street Zen cut Natural Resource Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Hedge Funds Weigh In On Natural Resource Partners

Several hedge funds have recently made changes to their positions in the stock. Morgan Stanley lifted its holdings in Natural Resource Partners by 14.3% during the 4th quarter. Morgan Stanley now owns 1,006,232 shares of the energy company’s stock worth $105,051,000 after purchasing an additional 125,530 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Natural Resource Partners by 9.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 748,185 shares of the energy company’s stock valued at $78,111,000 after buying an additional 63,350 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Natural Resource Partners by 12,329.6% during the second quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock valued at $59,357,000 after buying an additional 616,478 shares during the period. Progeny 3 Inc. increased its position in shares of Natural Resource Partners by 3.3% during the third quarter. Progeny 3 Inc. now owns 312,523 shares of the energy company’s stock valued at $32,815,000 after buying an additional 9,973 shares during the period. Finally, Solidarity Wealth LLC lifted its holdings in shares of Natural Resource Partners by 9.0% in the fourth quarter. Solidarity Wealth LLC now owns 214,776 shares of the energy company’s stock worth $22,423,000 after buying an additional 17,731 shares in the last quarter. 31.77% of the stock is currently owned by hedge funds and other institutional investors.

Natural Resource Partners Price Performance

NRP opened at $118.21 on Monday. The firm has a 50-day moving average price of $118.57 and a 200-day moving average price of $109.14. Natural Resource Partners has a twelve month low of $86.83 and a twelve month high of $128.60. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 11.77 and a beta of 0.20.

Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings results on Friday, February 27th. The energy company reported $2.27 EPS for the quarter. The company had revenue of $48.40 million for the quarter. Natural Resource Partners had a net margin of 65.16% and a return on equity of 22.52%.

Natural Resource Partners Announces Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, March 10th. Natural Resource Partners’s dividend payout ratio is currently 29.88%.

About Natural Resource Partners

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.