Natural Resource Partners (NYSE:NRP) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Shares of Natural Resource Partners LP (NYSE:NRP - Get Free Report) passed 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 Stock Down 1.1%

The stock has a market cap of $1.32 billion, a PE ratio of 9.75 and a beta of 0.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.45 and a quick ratio of 2.45. The company has a 50 day moving average price of $97.93 and a two-hundred day moving average price of $100.21.

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 business had revenue of $60.54 million during the quarter. Natural Resource Partners had a return on equity of 31.31% and a net margin of 66.17%.

Natural Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 20th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, May 20th. This represents a $3.00 dividend on an annualized basis and a yield of 3.0%. Natural Resource Partners's dividend payout ratio is 28.82%.

Institutional Investors Weigh In On Natural Resource Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its stake in Natural Resource Partners by 90.1% during the 4th quarter. Jane Street Group LLC now owns 5,710 shares of the energy company's stock valued at $634,000 after buying an additional 2,707 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Natural Resource Partners by 48.9% in 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 period. Inscription Capital LLC purchased a new stake in Natural Resource Partners during the first quarter valued at $520,000. Solidarity Wealth LLC lifted its holdings in Natural Resource Partners by 79.0% in the first quarter. Solidarity Wealth LLC now owns 165,017 shares of the energy company's stock valued at $17,145,000 after acquiring an additional 72,831 shares during the period. Finally, Progeny 3 Inc. bought a new position in Natural Resource Partners in the fourth quarter valued at about $15,732,000. Hedge funds and other 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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