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

Shares of Natural Resource Partners L.P. (NYSE:NRP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $95.80 and traded as high as $106.79. Natural Resource Partners shares last traded at $104.33, with a volume of 105,532 shares traded.

Natural Resource Partners Stock Performance

The company has a market capitalization of $1.35 billion, a P/E ratio of 8.39 and a beta of 0.56. The business has a 50 day moving average of $103.19 and a 200 day moving average of $95.93. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.35.

Natural Resource Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 19th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, November 19th. This represents a $3.00 annualized dividend and a yield of 2.88%. Natural Resource Partners’s dividend payout ratio (DPR) is currently 24.14%.

Institutional Trading of Natural Resource Partners

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in Natural Resource Partners during the 3rd quarter valued at $294,000. Horizon Kinetics Asset Management LLC bought a new position in Natural Resource Partners during the third quarter valued at $1,899,000. Pekin Hardy Strauss Inc. raised its stake in shares of Natural Resource Partners by 7.5% in the third quarter. Pekin Hardy Strauss Inc. now owns 17,950 shares of the energy company’s stock valued at $1,756,000 after acquiring an additional 1,260 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of Natural Resource Partners in the 3rd quarter worth about $324,000. Finally, ING Groep NV boosted its stake in shares of Natural Resource Partners by 20.1% during the 3rd quarter. ING Groep NV now owns 65,310 shares of the energy company’s stock worth $6,387,000 after purchasing an additional 10,910 shares during the period. 31.77% of the stock is currently owned by hedge funds and other institutional investors.

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.