Natural Resource Partners (NYSE:NRP) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Natural Resource Partners LP (NYSE:NRP)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $110.43 and traded as high as $112.02. Natural Resource Partners shares last traded at $109.77, with a volume of 76,780 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Natural Resource Partners from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Natural Resource Partners Stock Performance

The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 14.13 and a beta of 0.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.12 and a quick ratio of 2.12. The stock has a 50 day simple moving average of $101.03 and a two-hundred day simple moving average of $110.37.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $1.55. The company had revenue of $52.97 million for the quarter, compared to analysts’ expectations of $37.70 million. Natural Resource Partners had a net margin of 57.13% and a return on equity of 16.65%.

Natural Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, August 18th. Natural Resource Partners’s dividend payout ratio is 38.27%.

Institutional Investors Weigh In On Natural Resource Partners

A number of hedge funds have recently added to or reduced their stakes in the company. Annandale Capital LLC boosted its position in shares of Natural Resource Partners by 0.4% during the 4th quarter. Annandale Capital LLC now owns 26,207 shares of the energy company’s stock worth $2,736,000 after purchasing an additional 107 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of 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 purchasing an additional 157 shares during the period. Jump Financial LLC lifted its stake in shares of 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 purchasing an additional 184 shares during the period. Novare Capital Management LLC boosted its holdings in Natural Resource Partners by 11.5% during the first quarter. Novare Capital Management LLC now owns 2,175 shares of the energy company’s stock worth $263,000 after buying an additional 225 shares in the last quarter. Finally, First Foundation Advisors boosted its holdings in Natural Resource Partners by 3.2% during the third quarter. First Foundation Advisors now owns 7,941 shares of the energy company’s stock worth $834,000 after buying an additional 245 shares in the last quarter. Institutional investors and hedge funds own 31.77% of the company’s stock.

Natural Resource Partners Company Profile

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.