Natural Resource Partners (NYSE:NRP) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Natural Resource Partners L.P. (NYSE:NRP) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $95.31 and traded as high as $109.00. Natural Resource Partners shares last traded at $106.32, with a volume of 27,139 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 17th.

Natural Resource Partners Stock Up 0.3 %

The firm’s fifty day moving average is $102.83 and its two-hundred day moving average is $95.43. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 8.67 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Tuesday, November 19th. Natural Resource Partners’s dividend payout ratio (DPR) is presently 24.14%.

Institutional Investors Weigh In On Natural Resource Partners

A number of institutional investors have recently added to or reduced their stakes in NRP. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Natural Resource Partners during the 2nd quarter valued at $34,000. Covestor Ltd bought a new position in Natural Resource Partners during the third quarter valued at about $60,000. Jane Street Group LLC acquired a new position in Natural Resource Partners during the third quarter worth about $294,000. Landscape Capital Management L.L.C. bought a new stake in Natural Resource Partners in the third quarter worth about $324,000. Finally, Exchange Traded Concepts LLC raised its position in Natural Resource Partners by 14.0% in the third quarter. Exchange Traded Concepts LLC now owns 7,322 shares of the energy company’s stock worth $716,000 after acquiring an additional 898 shares in the last quarter. 31.77% of the stock is currently owned by institutional investors and hedge funds.

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.