Natural Resource Partners (NYSE:NRP) Shares Cross Above Two Hundred Day Moving Average of $44.10

Natural Resource Partners L.P. (NYSE:NRPGet Rating)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $44.10 and traded as high as $52.00. Natural Resource Partners shares last traded at $51.32, with a volume of 32,641 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 9th.

Natural Resource Partners Trading Up 0.6 %

The firm has a 50-day simple moving average of $46.59 and a 200-day simple moving average of $44.10. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.36. The stock has a market cap of $633.85 million, a PE ratio of 4.10 and a beta of 0.36.

Natural Resource Partners (NYSE:NRPGet Rating) last issued its quarterly earnings data on Thursday, November 3rd. The energy company reported $3.71 earnings per share (EPS) for the quarter. The business had revenue of $102.26 million for the quarter. Natural Resource Partners had a return on equity of 70.51% and a net margin of 63.28%.

Natural Resource Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 22nd. Investors of record on Tuesday, November 15th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date was Monday, November 14th. Natural Resource Partners’s dividend payout ratio (DPR) is presently 23.94%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. MinichMacGregor Wealth Management LLC purchased a new stake in shares of Natural Resource Partners in the fourth quarter worth $45,000. Chilton Capital Management LLC purchased a new stake in Natural Resource Partners in the second quarter valued at approximately $59,000. Hillsdale Investment Management Inc. lifted its position in Natural Resource Partners by 960.0% during the third quarter. Hillsdale Investment Management Inc. now owns 2,650 shares of the energy company’s stock valued at $117,000 after purchasing an additional 2,400 shares during the last quarter. Avalon Investment & Advisory purchased a new position in Natural Resource Partners in the 1st quarter worth approximately $214,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Natural Resource Partners in the 2nd quarter worth $411,000. 38.67% of the stock is owned by institutional investors.

Natural Resource Partners Company Profile

(Get Rating)

Natural Resource Partners LP engages in the business of owning, managing, and leasing a diversified portfolio of mineral properties. It operates through the Coal Royalty and Other, and Soda Ash segments. The Coal Royalty and Other segment consists of coal royalty properties and coal-related transportation and processing assets.

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