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

Key Points

• NRP shares briefly moved above their 200-day moving average of $108.86, reaching $110.65 before trading at $107.73; the stock was down 1.4%.
• Weiss Ratings downgraded the company from “hold (c+)” to “hold (c),” while the broader analyst consensus remains Hold.
• Natural Resource Partners reported strong quarterly results, with EPS of $1.85 versus a $0.30 estimate and revenue of $52.97 million versus $37.70 million expected. The company also maintains a $0.75 quarterly dividend, equivalent to a 2.8% yield.

Shares of Natural Resource Partners LP (NYSE:NRP - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $108.86 and traded as high as $110.65. Natural Resource Partners shares last traded at $107.73, with a volume of 45,477 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Natural Resource Partners from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Natural Resource Partners Trading Down 1.4%

The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 13.74 and a beta of 0.18. The company has a 50-day moving average price of $105.00 and a 200-day moving average price of $108.86. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.02.

Natural Resource Partners (NYSE:NRP - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $0.30 by $1.55. Natural Resource Partners had a return on equity of 16.65% and a net margin of 57.13%.The business had revenue of $52.97 million during the quarter, compared to analysts' expectations of $37.70 million.

Natural Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, August 18th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. Natural Resource Partners's payout ratio is 38.27%.

Insider Activity at Natural Resource Partners

In other news, EVP Gregory Wooten sold 2,200 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $110.89, for a total value of $243,958.00. Following the completion of the sale, the executive vice president directly owned 32,634 shares of the company's stock, valued at approximately $3,618,784.26. This represents a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 35.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Natural Resource Partners

Several large investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC boosted its holdings in Natural Resource Partners by 15.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 5,839 shares of the energy company's stock valued at $566,000 after purchasing an additional 795 shares during the period. Bank of America Corp DE grew its position in Natural Resource Partners by 48.2% in the 1st quarter. Bank of America Corp DE now owns 183,026 shares of the energy company's stock worth $22,146,000 after purchasing an additional 59,523 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Natural Resource Partners by 18.2% during the 1st quarter. Royal Bank of Canada now owns 18,335 shares of the energy company's stock worth $2,219,000 after purchasing an additional 2,828 shares during the period. Waverly Advisors LLC bought a new position in shares of Natural Resource Partners during the 1st quarter worth about $3,146,000. Finally, Morningstar Investment Management LLC acquired a new position in shares of Natural Resource Partners during the first quarter valued at about $391,000. 31.77% of the stock is currently owned by institutional investors and hedge funds.

About Natural Resource Partners

Natural Resource Partners L.P. NYSE: NRP is a diversified natural resource company that owns, manages and leases mineral interests in the United States. Its portfolio includes rights related to coal, oil and natural gas, aggregates and other industrial minerals. Rather than generally operating mines or wells itself, the company leases its properties to third-party operators and receives royalty and other payments based on their production and use of the resources.

NRP's mineral interests are located across several major U.S.

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