Natural Resource Partners (NYSE:NRP) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Natural Resource Partners L.P. (NYSE:NRP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $99.69 and traded as high as $104.00. Natural Resource Partners shares last traded at $103.05, with a volume of 10,546 shares traded.

Natural Resource Partners Stock Up 0.6 %

The business has a fifty day moving average of $106.24 and a 200 day moving average of $99.69. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 8.29 and a beta of 0.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.33 and a quick ratio of 2.33.

Natural Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $3.00 dividend on an annualized basis and a yield of 2.91%. Natural Resource Partners’s dividend payout ratio is currently 24.14%.

Hedge Funds Weigh In On Natural Resource Partners

A number of hedge funds have recently added to or reduced their stakes in NRP. Exchange Traded Concepts LLC grew its holdings in Natural Resource Partners by 14.0% during the third quarter. Exchange Traded Concepts LLC now owns 7,322 shares of the energy company’s stock valued at $716,000 after purchasing an additional 898 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Natural Resource Partners during the third quarter valued at approximately $5,433,000. Solidarity Wealth LLC grew its holdings in Natural Resource Partners by 1,038.6% during the third quarter. Solidarity Wealth LLC now owns 46,615 shares of the energy company’s stock valued at $4,559,000 after purchasing an additional 42,521 shares during the last quarter. Covestor Ltd acquired a new position in Natural Resource Partners during the third quarter valued at approximately $60,000. Finally, Meixler Investment Management Ltd. grew its holdings in Natural Resource Partners by 22.2% during the third quarter. Meixler Investment Management Ltd. now owns 40,885 shares of the energy company’s stock valued at $3,999,000 after purchasing an additional 7,430 shares during the last quarter. 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.