Natural Resource Partners (NYSE:NRP) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Natural Resource Partners L.P. (NYSE:NRP) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $95.31 and traded as high as $109.00. Natural Resource Partners shares last traded at $106.32, with a volume of 27,139 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 17th.

Natural Resource Partners Trading Up 0.3 %

The company has a market cap of $1.40 billion, a P/E ratio of 8.67 and a beta of 0.56. The business has a fifty day simple moving average of $102.83 and a 200 day simple moving average of $95.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.33 and a current ratio of 2.33.

Natural Resource Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 19th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Tuesday, November 19th. Natural Resource Partners’s dividend payout ratio is presently 24.14%.

Hedge Funds Weigh In On Natural Resource Partners

Large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Natural Resource Partners during the 2nd quarter worth approximately $34,000. Covestor Ltd acquired a new position in shares of Natural Resource Partners during the third quarter valued at $60,000. Jane Street Group LLC bought a new position in shares of Natural Resource Partners during the third quarter worth about $294,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Natural Resource Partners in the 3rd quarter worth about $324,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Natural Resource Partners by 14.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,322 shares of the energy company’s stock worth $716,000 after acquiring an additional 898 shares during the period. 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.