Natural Resource Partners (NYSE:NRP) Stock Crosses Above 200 Day Moving Average - What's Next?

Natural Resource Partners L.P. (NYSE:NRP - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $103.32 and traded as high as $103.64. Natural Resource Partners shares last traded at $101.79, with a volume of 17,664 shares.

Natural Resource Partners Trading Up 0.1 %

The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.33 and a current ratio of 2.33. The stock has a 50-day moving average of $101.53 and a two-hundred day moving average of $103.41. The company has a market cap of $1.34 billion, a P/E ratio of 8.30 and a beta of 0.30.

Natural Resource Partners (NYSE:NRP - Get Free Report) last issued its earnings results on Friday, February 28th. The energy company reported $3.15 earnings per share for the quarter. The business had revenue of $65.73 million during the quarter. Natural Resource Partners had a return on equity of 39.69% and a net margin of 68.22%.

Natural Resource Partners Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were given a $1.21 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Natural Resource Partners's previous dividend of $0.35. Natural Resource Partners's dividend payout ratio (DPR) is currently 26.62%.

Institutional Trading of Natural Resource Partners

A number of hedge funds have recently added to or reduced their stakes in NRP. Jane Street Group LLC acquired a new position in shares of Natural Resource Partners in the 3rd quarter valued at about $294,000. Meixler Investment Management Ltd. lifted its holdings in Natural Resource Partners by 11.5% during the 4th quarter. Meixler Investment Management Ltd. now owns 45,591 shares of the energy company's stock worth $5,061,000 after buying an additional 4,706 shares in the last quarter. Mountain Lake Investment Management LLC acquired a new position in shares of Natural Resource Partners during the fourth quarter worth about $1,222,000. DHK Financial Advisors Inc. acquired a new stake in shares of Natural Resource Partners during the 4th quarter worth about $438,000. Finally, ING Groep NV boosted its holdings in shares of Natural Resource Partners by 43.8% in the fourth quarter. ING Groep NV now owns 93,910 shares of the energy company's stock valued at $10,424,000 after acquiring an additional 28,600 shares during the period. 31.77% of the stock is owned by hedge funds and other institutional investors.

Natural Resource Partners Company Profile

Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.