Natural Resource Partners (NYSE:NRP) Shares Pass Above 200 Day Moving Average - Here's What Happened

Key Points

• Natural Resource Partners stock has crossed above its 200-day moving average, trading at $101.51, indicating potential positive market trends and interest from investors.
• The company recently declared a quarterly dividend of $0.75 per share, representing an annualized dividend yield of 2.9%, with a payout ratio of 28.82%.
• Institutional investors now hold 31.77% of Natural Resource Partners' stock, with significant increases in holdings reported by several hedge funds over the last quarter.

Natural Resource Partners LP (NYSE:NRP - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $100.21 and traded as high as $103.85. Natural Resource Partners shares last traded at $101.51, with a volume of 10,021 shares.

Natural Resource Partners Trading Down 0.7%

The firm's fifty day simple moving average is $98.34 and its 200 day simple moving average is $100.22. The stock has a market capitalization of $1.34 billion, a P/E ratio of 9.73 and a beta of 0.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.45 and a current ratio of 2.45.

Natural Resource Partners (NYSE:NRP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The energy company reported $2.52 earnings per share for the quarter. The company had revenue of $50.10 million for the quarter. Natural Resource Partners had a net margin of 65.19% and a return on equity of 28.35%.

Natural Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.9%. Natural Resource Partners's dividend payout ratio (DPR) is presently 28.82%.

Hedge Funds Weigh In On Natural Resource Partners

A number of hedge funds have recently modified their holdings of NRP. Covestor Ltd lifted its position in shares of Natural Resource Partners by 26.1% in the 4th quarter. Covestor Ltd now owns 773 shares of the energy company's stock worth $86,000 after purchasing an additional 160 shares during the period. Jane Street Group LLC increased its holdings 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 valued at $634,000 after acquiring an additional 2,707 shares in the last quarter. Bank of America Corp DE raised its holdings in 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 buying an additional 18,754 shares during the last quarter. Progeny 3 Inc. bought a new position in Natural Resource Partners in the 4th quarter valued at about $15,732,000. Finally, Formidable Asset Management LLC bought a new stake in Natural Resource Partners during the fourth quarter worth $222,000. Institutional investors and hedge funds own 31.77% of the company's stock.

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.