Natural Resource Partners (NYSE:NRP) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Natural Resource Partners LP (NYSE:NRP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $100.21 and traded as high as $107.94. Natural Resource Partners shares last traded at $107.01, with a volume of 8,933 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Natural Resource Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th.

Natural Resource Partners Stock Up 0.9%

The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.39 billion, a PE ratio of 10.06 and a beta of 0.29. The stock has a 50-day moving average of $103.25 and a 200-day moving average of $100.21.

Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings data on Wednesday, August 6th. The energy company reported $2.52 earnings per share (EPS) for the quarter. Natural Resource Partners had a return on equity of 27.76% and a net margin of 65.19%.The company had revenue of $50.10 million for the quarter.

Natural Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 19th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, August 19th. Natural Resource Partners’s dividend payout ratio (DPR) is 28.20%.

Insider Activity

In related news, VP Gregory F. Wooten sold 8,607 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $100.24, for a total value of $862,765.68. Following the sale, the vice president owned 28,656 shares in the company, valued at approximately $2,872,477.44. This trade represents a 23.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 35.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NRP. NewEdge Advisors LLC increased its stake in Natural Resource Partners by 144.0% in the second quarter. NewEdge Advisors LLC now owns 266 shares of the energy company’s stock valued at $25,000 after acquiring an additional 157 shares during the last quarter. Covestor Ltd increased its stake in Natural Resource Partners by 21.6% in the first quarter. Covestor Ltd now owns 940 shares of the energy company’s stock valued at $98,000 after acquiring an additional 167 shares during the last quarter. Raymond James Financial Inc. bought a new position in Natural Resource Partners in the second quarter valued at $137,000. Jump Financial LLC increased its stake in Natural Resource Partners by 8.1% in the second quarter. Jump Financial LLC now owns 2,444 shares of the energy company’s stock valued at $233,000 after acquiring an additional 184 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Natural Resource Partners by 128.0% during the second quarter. BNP Paribas Financial Markets now owns 2,850 shares of the energy company’s stock valued at $272,000 after buying an additional 1,600 shares during the last quarter. Institutional investors own 31.77% of the company’s stock.

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.