Natural Resource Partners (NYSE:NRP) Shares Pass Above 200 Day Moving Average of $43.60

Natural Resource Partners L.P. (NYSE:NRPGet Rating) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $43.60 and traded as high as $43.77. Natural Resource Partners shares last traded at $42.22, with a volume of 16,989 shares changing hands.

Natural Resource Partners Price Performance

The company has a debt-to-equity ratio of 0.73, a current ratio of 1.69 and a quick ratio of 1.69. The stock’s fifty day moving average is $43.35 and its 200-day moving average is $43.60. The stock has a market cap of $521.46 million, a PE ratio of 4.26 and a beta of 0.56.

Natural Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 23rd. Stockholders of record on Tuesday, August 16th were given a dividend of $0.75 per share. The ex-dividend date was Monday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 7.11%. Natural Resource Partners’s dividend payout ratio is presently 30.24%.

Institutional Trading of Natural Resource Partners

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its position in shares of Natural Resource Partners by 360.9% during the first quarter. BNP Paribas Arbitrage SA now owns 77,722 shares of the energy company’s stock worth $3,322,000 after acquiring an additional 60,859 shares during the last quarter. Bank of America Corp DE grew its position in Natural Resource Partners by 26.2% in the 1st quarter. Bank of America Corp DE now owns 29,413 shares of the energy company’s stock valued at $1,257,000 after buying an additional 6,102 shares during the last quarter. Avalon Investment & Advisory purchased a new stake in shares of Natural Resource Partners during the 1st quarter worth $214,000. Chilton Capital Management LLC purchased a new stake in shares of Natural Resource Partners during the 2nd quarter worth $59,000. Finally, Cetera Advisors LLC boosted its position in shares of Natural Resource Partners by 100.5% during the 2nd quarter. Cetera Advisors LLC now owns 20,473 shares of the energy company’s stock worth $762,000 after purchasing an additional 10,261 shares in the last quarter. Institutional investors and hedge funds own 38.12% of the company’s stock.

About Natural Resource Partners

(Get Rating)

Natural Resource Partners L.P., through its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates through 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 Appalachia, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties are located in the United States; oil and gas properties located in Louisiana; timber assets located in West Virginia; and trona ore mining operation and soda ash refinery are located in the Green River Basin, Wyoming.

Read More

Receive News & Ratings for Natural Resource Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Resource Partners and related companies with MarketBeat.com's FREE daily email newsletter.