Natural Resource Partners (NYSE:NRP) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of Natural Resource Partners LP (NYSE:NRP) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $102.29 and traded as high as $104.44. Natural Resource Partners shares last traded at $103.38, with a volume of 4,106 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Natural Resource Partners in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Natural Resource Partners currently has a consensus rating of “Buy”.

Natural Resource Partners Trading Up 0.1%

The company’s fifty day simple moving average is $103.91 and its 200-day simple moving average is $102.29. The company has a market capitalization of $1.34 billion, a P/E ratio of 9.46 and a beta of 0.18. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.14 and a current ratio of 2.14.

Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings data on Tuesday, November 4th. The energy company reported $2.28 earnings per share (EPS) for the quarter. The company had revenue of $49.93 million for the quarter. Natural Resource Partners had a net margin of 64.78% and a return on equity of 25.31%.

Natural Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 18th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, November 18th. Natural Resource Partners’s dividend payout ratio (DPR) is currently 27.47%.

Institutional Investors Weigh In On Natural Resource Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of NRP. Corient Private Wealth LLC grew its stake in shares of Natural Resource Partners by 12,329.6% during the second quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock worth $59,357,000 after acquiring an additional 616,478 shares during the last quarter. Eschler Asset Management LLP purchased a new stake in Natural Resource Partners during the 1st quarter worth approximately $831,000. Meixler Investment Management Ltd. increased its stake in Natural Resource Partners by 36.6% during the 2nd quarter. Meixler Investment Management Ltd. now owns 67,502 shares of the energy company’s stock valued at $6,447,000 after purchasing an additional 18,102 shares in the last quarter. Mountain Lake Investment Management LLC lifted its stake in shares of Natural Resource Partners by 100.0% during the first quarter. Mountain Lake Investment Management LLC now owns 22,101 shares of the energy company’s stock worth $2,296,000 after buying an additional 11,051 shares during the period. Finally, Solidarity Wealth LLC increased its position in shares of Natural Resource Partners by 13.0% in the 2nd quarter. Solidarity Wealth LLC now owns 186,393 shares of the energy company’s stock valued at $17,802,000 after acquiring an additional 21,376 shares during the period. Hedge funds and other institutional investors own 31.77% of the company’s stock.

About Natural Resource Partners

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.