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

Natural Resource Partners L.P. (NYSE:NRP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $102.86 and traded as high as $106.50. Natural Resource Partners shares last traded at $105.38, with a volume of 13,128 shares.

Natural Resource Partners Trading Down 0.6 %

The company has a debt-to-equity ratio of 0.35, a current ratio of 2.33 and a quick ratio of 2.33. The company has a market capitalization of $1.37 billion, a P/E ratio of 8.48 and a beta of 0.39. The firm has a fifty day moving average price of $104.13 and a 200-day moving average price of $102.99.

Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings results on Friday, February 28th. The energy company reported $3.15 earnings per share for the quarter. Natural Resource Partners had a net margin of 68.22% and a return on equity of 39.69%. The company had revenue of $65.73 million for the quarter.

Natural Resource Partners Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were issued a $1.21 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Natural Resource Partners’s previous dividend of $0.35. Natural Resource Partners’s payout ratio is 26.62%.

Hedge Funds Weigh In On Natural Resource Partners

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of Natural Resource Partners during the 3rd quarter valued at $294,000. Solidarity Wealth LLC raised its position in shares of Natural Resource Partners by 97.8% in the fourth quarter. Solidarity Wealth LLC now owns 92,186 shares of the energy company’s stock valued at $10,233,000 after purchasing an additional 45,571 shares during the period. DHK Financial Advisors Inc. bought a new position in Natural Resource Partners in the 4th quarter worth approximately $438,000. Mountain Lake Investment Management LLC purchased a new position in Natural Resource Partners in the 4th quarter valued at approximately $1,222,000. Finally, Meixler Investment Management Ltd. raised its holdings in Natural Resource Partners by 11.5% during the 4th quarter. Meixler Investment Management Ltd. now owns 45,591 shares of the energy company’s stock valued at $5,061,000 after acquiring an additional 4,706 shares during the period. 31.77% of the stock is owned by institutional investors.

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.