Natural Resource Partners L.P. (NYSE:NRP - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Natural Resource Partners from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 17th.
Get Our Latest Stock Analysis on NRP
Natural Resource Partners Price Performance
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 business's fifty day moving average price is $102.83 and its 200-day moving average price is $95.43. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 8.62 and a beta of 0.56.
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 paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.80%. 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 and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Natural Resource Partners during the second quarter valued at about $34,000. Covestor Ltd purchased a new stake in Natural Resource Partners in the 3rd quarter valued at about $60,000. Jane Street Group LLC bought a new position in shares of Natural Resource Partners during the 3rd quarter worth approximately $294,000. Landscape Capital Management L.L.C. purchased a new position in shares of Natural Resource Partners in the 3rd quarter worth approximately $324,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of 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 valued at $716,000 after acquiring an additional 898 shares in the last quarter. 31.77% of the stock is owned by hedge funds and other institutional investors.
Natural Resource Partners Company Profile
(
Get Free Report)
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.
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