Natural Resource Partners (NYSE:NRP) Stock Price Crosses Above 200 Day Moving Average of $85.51

Natural Resource Partners L.P. (NYSE:NRP)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $85.51 and traded as high as $90.02. Natural Resource Partners shares last traded at $88.30, with a volume of 23,126 shares trading hands.

Wall Street Analyst Weigh In

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

Natural Resource Partners Trading Down 1.3 %

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $1.14 billion, a PE ratio of 6.71 and a beta of 0.46. The stock’s 50 day simple moving average is $89.75 and its 200 day simple moving average is $85.51.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results on Thursday, March 7th. The energy company reported $4.31 EPS for the quarter. Natural Resource Partners had a net margin of 59.68% and a return on equity of 44.05%. The business had revenue of $93.16 million during the quarter.

Natural Resource Partners Increases Dividend

The company also recently announced a None dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 19th were issued a dividend of $2.44 per share. This is a positive change from Natural Resource Partners’s previous None dividend of $2.43. The ex-dividend date of this dividend was Monday, March 18th. Natural Resource Partners’s dividend payout ratio is currently 22.81%.

Institutional Trading of Natural Resource Partners

Several institutional investors and hedge funds have recently bought and sold shares of the stock. ING Groep NV lifted its holdings in Natural Resource Partners by 24.5% in the fourth quarter. ING Groep NV now owns 25,400 shares of the energy company’s stock worth $2,351,000 after buying an additional 5,000 shares during the period. Anthracite Investment Company Inc. bought a new stake in shares of Natural Resource Partners during the fourth quarter valued at approximately $1,260,000. Guyasuta Investment Advisors Inc. bought a new stake in shares of Natural Resource Partners during the fourth quarter valued at approximately $278,000. Meixler Investment Management Ltd. grew its position in 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 worth $2,609,000 after purchasing an additional 630 shares during the period. Finally, Citigroup Inc. grew its position in Natural Resource Partners by 1,450.2% in the 3rd quarter. Citigroup Inc. now owns 449,196 shares of the energy company’s stock worth $35,428,000 after purchasing an additional 420,220 shares during the period. 31.77% of the stock is currently owned by hedge funds and other 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.