Natural Resource Partners (NYSE:NRP) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Natural Resource Partners L.P. (NYSE:NRP) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $98.81 and traded as high as $108.00. Natural Resource Partners shares last traded at $106.88, with a volume of 15,463 shares traded.

Natural Resource Partners Trading Up 0.5 %

The company’s 50-day moving average is $107.28 and its 200-day moving average is $98.81. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 8.60 and a beta of 0.57. 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 (NYSE:NRP) last announced its quarterly earnings data on Tuesday, November 5th. The energy company reported $2.00 earnings per share for the quarter. The firm had revenue of $60.33 million during the quarter. Natural Resource Partners had a return on equity of 39.69% and a net margin of 68.22%.

Natural Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.81%. Natural Resource Partners’s dividend payout ratio (DPR) is presently 24.14%.

Institutional Trading of Natural Resource Partners

Institutional investors and hedge funds have recently modified their holdings of the stock. Solidarity Wealth LLC increased its stake in Natural Resource Partners by 97.8% during the 4th quarter. Solidarity Wealth LLC now owns 92,186 shares of the energy company’s stock worth $10,233,000 after purchasing an additional 45,571 shares in the last quarter. ING Groep NV boosted its position in 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 acquiring an additional 10,910 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Natural Resource Partners during the 3rd quarter worth approximately $5,433,000. Meixler Investment Management Ltd. boosted its position in Natural Resource Partners by 22.2% during the 3rd quarter. Meixler Investment Management Ltd. now owns 40,885 shares of the energy company’s stock worth $3,999,000 after acquiring an additional 7,430 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC acquired a new position in Natural Resource Partners during the 3rd quarter worth approximately $1,899,000. 31.77% of the stock is owned by 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.