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

Natural Resource Partners L.P. (NYSE:NRP)’s share price passed 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 changing hands.

Wall Street Analysts Forecast Growth

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

Natural Resource Partners Stock Performance

The company has a market capitalization of $1.14 billion, a PE ratio of 6.71 and a beta of 0.46. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.23. The firm’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 data on Thursday, March 7th. The energy company reported $4.31 earnings per share (EPS) for the quarter. Natural Resource Partners had a net margin of 59.68% and a return on equity of 44.05%. The company had revenue of $93.16 million during the quarter.

Natural Resource Partners Increases Dividend

The business also recently declared a None dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 19th were paid 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 presently 22.81%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NRP. Commonwealth Equity Services LLC acquired a new position in Natural Resource Partners during the 3rd quarter valued at approximately $258,000. Raymond James & Associates acquired a new stake in shares of Natural Resource Partners in the third quarter worth $221,000. ING Groep NV increased its stake in shares of Natural Resource Partners by 410.0% in the third quarter. ING Groep NV now owns 20,400 shares of the energy company’s stock worth $1,609,000 after acquiring an additional 16,400 shares during the period. Meixler Investment Management Ltd. increased its stake in shares of Natural Resource Partners by 11.8% in the third quarter. Meixler Investment Management Ltd. now owns 27,552 shares of the energy company’s stock worth $2,173,000 after acquiring an additional 2,897 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Natural Resource Partners in the third quarter worth $252,000. Institutional investors and hedge funds own 31.77% of the company’s stock.

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.