Natural Resource Partners (NYSE:NRP) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Shares of Natural Resource Partners LP (NYSE:NRP - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $100.51 and traded as high as $101.62. Natural Resource Partners shares last traded at $100.26, with a volume of 11,443 shares trading hands.

Natural Resource Partners Stock Performance

The company has a market cap of $1.30 billion, a PE ratio of 9.63 and a beta of 0.27. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.22. The business's 50 day moving average is $96.92 and its two-hundred day moving average is $100.43.

Natural Resource Partners (NYSE:NRP - Get Free Report) last issued its earnings results on Tuesday, May 6th. The energy company reported $2.97 earnings per share for the quarter. The company had revenue of $60.54 million during the quarter. Natural Resource Partners had a net margin of 66.17% and a return on equity of 31.31%.

Natural Resource Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 20th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.99%. The ex-dividend date was Tuesday, May 20th. Natural Resource Partners's dividend payout ratio is currently 28.82%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NRP. Jane Street Group LLC boosted its position in shares of Natural Resource Partners by 90.1% during the fourth quarter. Jane Street Group LLC now owns 5,710 shares of the energy company's stock worth $634,000 after acquiring an additional 2,707 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Natural Resource Partners by 48.9% during the fourth quarter. Bank of America Corp DE now owns 57,085 shares of the energy company's stock worth $6,336,000 after acquiring an additional 18,754 shares during the last quarter. Inscription Capital LLC bought a new position in shares of Natural Resource Partners during the first quarter worth $520,000. Progeny 3 Inc. bought a new position in shares of Natural Resource Partners during the fourth quarter worth $15,732,000. Finally, Pekin Hardy Strauss Inc. boosted its position in shares of Natural Resource Partners by 1.0% during the first quarter. Pekin Hardy Strauss Inc. now owns 19,975 shares of the energy company's stock worth $2,075,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 31.77% of the company's stock.

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.

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