ValuEngine lowered shares of Natural Resource Partners LP (NYSE:NRP) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

Several other research firms also recently weighed in on NRP. BidaskClub upgraded Natural Resource Partners from a strong sell rating to a sell rating in a research note on Sunday, July 16th. Stifel Nicolaus restated a hold rating on shares of Natural Resource Partners in a research note on Friday, October 13th. Finally, Zacks Investment Research downgraded Natural Resource Partners from a hold rating to a strong sell rating in a research note on Thursday, August 10th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Natural Resource Partners currently has a consensus rating of Hold and an average target price of $27.50.

Natural Resource Partners (NRP) traded up $0.05 during mid-day trading on Thursday, hitting $25.95. The company’s stock had a trading volume of 10,900 shares, compared to its average volume of 36,124. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.89 and a quick ratio of 0.85. The stock has a market cap of $315.59, a P/E ratio of 12.85 and a beta of 0.76. Natural Resource Partners has a 1 year low of $22.81 and a 1 year high of $45.60.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th will be paid a $0.45 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.80 annualized dividend and a dividend yield of 6.94%. Natural Resource Partners’s payout ratio is currently 64.98%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in Natural Resource Partners by 5.5% during the 1st quarter. Bank of America Corp DE now owns 15,188 shares of the energy company’s stock valued at $549,000 after purchasing an additional 790 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Natural Resource Partners during the 2nd quarter valued at $254,000. Marshall Wace North America L.P. purchased a new stake in Natural Resource Partners during the 2nd quarter valued at $308,000. JPMorgan Chase & Co. boosted its stake in Natural Resource Partners by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 698,438 shares of the energy company’s stock valued at $17,252,000 after purchasing an additional 41,231 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Natural Resource Partners by 16.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 518,356 shares of the energy company’s stock valued at $14,281,000 after purchasing an additional 74,138 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Natural Resource Partners Company Profile

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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