Natural Resource Partners (NYSE:NRP) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Shares of Natural Resource Partners L.P. (NYSE:NRP - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $103.32 and traded as high as $103.64. Natural Resource Partners shares last traded at $101.79, with a volume of 17,664 shares trading hands.

Natural Resource Partners Price Performance

The firm has a 50 day simple moving average of $101.41 and a 200-day simple moving average of $103.42. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.35. The company has a market cap of $1.34 billion, a PE ratio of 8.35 and a beta of 0.30.

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

Natural Resource Partners Increases Dividend

The firm 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 was Tuesday, March 11th. This is an increase from Natural Resource Partners's previous dividend of $0.35. Natural Resource Partners's dividend payout ratio is 26.62%.

Institutional Investors Weigh In On Natural Resource Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Progeny 3 Inc. acquired a new position in shares of Natural Resource Partners in the fourth quarter worth about $15,732,000. Solidarity Wealth LLC grew its stake in shares of Natural Resource Partners by 97.8% in the 4th quarter. Solidarity Wealth LLC now owns 92,186 shares of the energy company's stock valued at $10,233,000 after buying an additional 45,571 shares during the period. ING Groep NV increased its stake in Natural Resource Partners by 43.8% during the fourth quarter. ING Groep NV now owns 93,910 shares of the energy company's stock worth $10,424,000 after acquiring an additional 28,600 shares during the last quarter. Bank of America Corp DE raised its holdings in Natural Resource Partners by 48.9% in the 4th quarter. Bank of America Corp DE now owns 57,085 shares of the energy company's stock valued at $6,336,000 after buying an additional 18,754 shares during the period. Finally, Mountain Lake Investment Management LLC acquired a new position in shares of Natural Resource Partners in the 4th quarter worth approximately $1,222,000. 31.77% of the stock is 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.