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

Shares of Natural Resource Partners LP (NYSE:NRP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $110.73 and traded as high as $122.00. Natural Resource Partners shares last traded at $120.6250, with a volume of 15,654 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NRP shares. Wall Street Zen cut Natural Resource Partners from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Natural Resource Partners in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Natural Resource Partners has a consensus rating of “Buy”.

Natural Resource Partners Stock Up 1.8%

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.85. The firm’s 50-day moving average is $120.88 and its 200 day moving average is $110.80. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 12.15 and a beta of 0.26.

Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings results on Friday, February 27th. The energy company reported $2.27 earnings per share for the quarter. Natural Resource Partners had a net margin of 65.16% and a return on equity of 22.52%. The company had revenue of $48.40 million for the quarter.

Natural Resource Partners Announces Dividend

The company also recently declared a special dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 10th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, March 10th. Natural Resource Partners’s payout ratio is 29.88%.

Hedge Funds Weigh In On Natural Resource Partners

A number of large investors have recently modified their holdings of the company. Annandale Capital LLC lifted its stake in shares of Natural Resource Partners by 0.4% in the 4th quarter. Annandale Capital LLC now owns 26,207 shares of the energy company’s stock valued at $2,736,000 after purchasing an additional 107 shares in the last quarter. NewEdge Advisors LLC increased its position in Natural Resource Partners by 144.0% during the 2nd quarter. NewEdge Advisors LLC now owns 266 shares of the energy company’s stock worth $25,000 after purchasing an additional 157 shares in the last quarter. Jump Financial LLC raised its holdings in 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 buying an additional 184 shares during the period. First Foundation Advisors raised its holdings in Natural Resource Partners by 3.2% in the third quarter. First Foundation Advisors now owns 7,941 shares of the energy company’s stock valued at $834,000 after buying an additional 245 shares during the period. Finally, Pekin Hardy Strauss Inc. lifted its position in Natural Resource Partners by 1.3% during the third quarter. Pekin Hardy Strauss Inc. now owns 20,225 shares of the energy company’s stock valued at $2,124,000 after buying an additional 250 shares in the last quarter. 31.77% of the stock is currently owned by hedge funds and other institutional investors.

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.