Natural Resource Partners (NYSE:NRP) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Natural Resource Partners L.P. (NYSE:NRP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $91.13 and traded as high as $101.00. Natural Resource Partners shares last traded at $100.21, with a volume of 9,714 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Natural Resource Partners from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 17th.

Natural Resource Partners Price Performance

The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $91.28 and a two-hundred day moving average price of $91.19. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 7.34 and a beta of 0.49.

Natural Resource Partners (NYSE:NRP - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The energy company reported $2.29 earnings per share for the quarter. The business had revenue of $65.54 million for the quarter. Natural Resource Partners had a return on equity of 44.97% and a net margin of 70.55%.

Natural Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Tuesday, August 20th. Natural Resource Partners's payout ratio is 22.16%.

Institutional Trading of Natural Resource Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Natural Resource Partners in the 2nd quarter valued at approximately $34,000. Ruedi Wealth Management Inc. acquired a new stake in Natural Resource Partners in the 1st quarter valued at approximately $51,000. PEAK6 Investments LLC acquired a new stake in Natural Resource Partners in the 1st quarter valued at approximately $207,000. Stokes Family Office LLC acquired a new position in shares of Natural Resource Partners during the 1st quarter valued at $518,000. Finally, MAS Advisors LLC increased its position in shares of Natural Resource Partners by 73.8% during the 1st quarter. MAS Advisors LLC now owns 5,682 shares of the energy company's stock valued at $523,000 after purchasing an additional 2,413 shares during the period. 31.77% of the stock is currently 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.