Natural Resource Partners (NYSE:NRP) Stock Price Passes Above 200-Day Moving Average of $90.81

Natural Resource Partners L.P. (NYSE:NRP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $90.81 and traded as high as $93.16. Natural Resource Partners shares last traded at $92.40, with a volume of 11,934 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Natural Resource Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 8th.

Natural Resource Partners Price Performance

The company’s 50-day simple moving average is $90.20 and its 200-day simple moving average is $90.81. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 6.82 and a beta of 0.46.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings data on Tuesday, May 7th. The energy company reported $3.83 earnings per share for the quarter. Natural Resource Partners had a net margin of 62.93% and a return on equity of 43.30%. The company had revenue of $76.41 million during the quarter.

Natural Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 21st were paid a dividend of $0.75 per share. The ex-dividend date was Monday, May 20th. This represents a $3.00 dividend on an annualized basis and a yield of 3.25%. Natural Resource Partners’s dividend payout ratio (DPR) is 22.16%.

Institutional Trading of Natural Resource Partners

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ruedi Wealth Management Inc. bought a new stake in Natural Resource Partners during the first quarter valued at $51,000. Meixler Investment Management Ltd. boosted its holdings in shares of Natural Resource Partners by 2.3% in the 4th quarter. Meixler Investment Management Ltd. now owns 28,182 shares of the energy company’s stock valued at $2,609,000 after buying an additional 630 shares during the period. GSA Capital Partners LLP grew its position in shares of Natural Resource Partners by 8.4% during the 3rd quarter. GSA Capital Partners LLP now owns 10,366 shares of the energy company’s stock valued at $818,000 after buying an additional 799 shares during the last quarter. PEAK6 Investments LLC bought a new stake in shares of Natural Resource Partners during the 1st quarter valued at about $207,000. Finally, MAS Advisors LLC raised its stake in Natural Resource Partners by 73.8% during the first quarter. MAS Advisors LLC now owns 5,682 shares of the energy company’s stock worth $523,000 after acquiring an additional 2,413 shares during the period. 31.77% of the stock is owned by 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.