Natural Resource Partners (NYSE:NRP) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Natural Resource Partners (NRP) stock has crossed above its 200-day moving average, trading recently at $102.30, which indicates positive momentum.
• The company reported $2.52 EPS for the last quarter, showcasing strong profitability with a net margin of 65.19%.
• Natural Resource Partners announced a quarterly dividend of $0.75, reflecting a 2.9% yield, with a payout ratio of 28.20%.

Natural Resource Partners LP (NYSE:NRP - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $100.09 and traded as high as $104.75. Natural Resource Partners shares last traded at $102.30, with a volume of 38,817 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Natural Resource Partners from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th.

Natural Resource Partners Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market cap of $1.33 billion, a P/E ratio of 9.61 and a beta of 0.29. The firm's fifty day moving average price is $102.27 and its 200 day moving average price is $100.13.

Natural Resource Partners (NYSE:NRP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The energy company reported $2.52 EPS for the quarter. Natural Resource Partners had a net margin of 65.19% and a return on equity of 27.76%. The business had revenue of $50.10 million during the quarter.

Natural Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 19th were given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.9%. Natural Resource Partners's payout ratio is presently 28.20%.

Insider Activity

In other news, VP Gregory F. Wooten sold 8,607 shares of Natural Resource Partners stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $100.24, for a total value of $862,765.68. Following the transaction, the vice president owned 28,656 shares of the company's stock, valued at $2,872,477.44. The trade was a 23.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 35.30% of the stock is currently owned by insiders.

Institutional Trading of Natural Resource Partners

Several large investors have recently made changes to their positions in the business. MAS Advisors LLC boosted its holdings in shares of Natural Resource Partners by 4.3% in the 2nd quarter. MAS Advisors LLC now owns 3,375 shares of the energy company's stock valued at $322,000 after acquiring an additional 140 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Natural Resource Partners by 144.0% in the 2nd quarter. NewEdge Advisors LLC now owns 266 shares of the energy company's stock valued at $25,000 after acquiring an additional 157 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Natural Resource Partners by 21.6% in the 1st quarter. Covestor Ltd now owns 940 shares of the energy company's stock valued at $98,000 after acquiring an additional 167 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of Natural Resource Partners by 8.1% in the 2nd quarter. Jump Financial LLC now owns 2,444 shares of the energy company's stock valued at $233,000 after acquiring an additional 184 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. boosted its holdings in shares of Natural Resource Partners by 1.0% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 19,975 shares of the energy company's stock valued at $2,075,000 after acquiring an additional 200 shares during the last quarter. 31.77% of the stock is owned by hedge funds and other institutional investors.

About Natural Resource Partners

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.