Natural Resource Partners LP (NYSE:NRP) Experiences Heavier than Average Trading Volume


36K shares changed hands on Wednesday. Trading volume was up 135.57% over the stocks average daily volume.

Short traders are feeling a little more bullish on shares of the company as implied by the fall in short interest. The firm recorded a fall in short interest of -15.48% between September 29, 2017 and October 13, 2017. Short shares fell from 47,325 to 39,999 over that period. Days to cover decreased from 3.0 to 3.0 and the percentage of shorted shares is 0.00% as of October 13.

These funds have shifted positions in (NRP). Jpmorgan Chase & Co grew its position by buying 770 shares an increase of 2,566.7% in the quarter. Jpmorgan Chase & Co now holds 800 shares valued at $20,000. The value of the position overall is up by 1,900.0%. Barclays PLC expanded its holdings by buying 62,355 shares an increase of 85.8%. Barclays PLC controls 135,000 shares with a value of $3,341,000. The total value of its holdings increased 67.0%.

As of the end of the quarter Goldman Sachs Group Inc had bought 29,549 shares growing its position 5.7%. The value of the investment in NRP went from $14,281,000 to $13,561,000 a change of $720,000 since the last quarter. As of quarter end Maple Rock Capital Partners, Inc. had acquired a total of 7,500 shares growing its holdings by 1.1%. The value of the investment in Natural Resource Partners LP decreased from $18,696,000 to $16,981,000 a change of 9.2% for the reporting period.

October 13 investment analysts at Stifel Nicolaus reiterated a “Hold” rating on the stock. On August 9 analysts at Stifel Nicolaus updated guidance on NRP with a rating of “Hold” and a price target of $31.00.

The company is so far trading down from yesterday’s close of 25.95. The company’s P/E ratio is 9.26 and the market cap is 314.36M. As of the last earnings report the EPS was $2.77 with 12.23M shares presently outstanding.

Natural Resource Partners L.P., launched on April 9, 2002, 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. The Business’s segments include Coal Royalty and Other, Soda Ash and VantaCore. The Business’s operations are conducted through NRP (Operating) LLC (Opco), and its operating assets are owned by its subsidiaries. NRP (GP) LP, its general partner, has responsibility for conducting the Business’s business and for managing its operations..