Natural Resource Partners (NYSE:NRP) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Natural Resource Partners LP (NYSE:NRP) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $108.86 and traded as high as $110.65. Natural Resource Partners shares last traded at $107.73, with a volume of 45,477 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Natural Resource Partners from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Natural Resource Partners currently has a consensus rating of “Hold”.

Natural Resource Partners Trading Down 2.0%

The business has a fifty day simple moving average of $105.20 and a 200-day simple moving average of $108.77. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 13.73 and a beta of 0.18.

Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings data on Wednesday, August 5th. The energy company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $0.30 by $1.55. Natural Resource Partners had a net margin of 57.13% and a return on equity of 16.65%. The company had revenue of $52.97 million for the quarter, compared to analysts’ expectations of $37.70 million.

Natural Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 18th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $3.00 annualized dividend and a yield of 2.8%. Natural Resource Partners’s dividend payout ratio is currently 38.27%.

Insider Buying and Selling

In other news, EVP Gregory Wooten sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $110.89, for a total transaction of $243,958.00. Following the completion of the sale, the executive vice president owned 32,634 shares in the company, valued at $3,618,784.26. The trade was a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 35.30% of the stock is owned by insiders.

Institutional Trading of Natural Resource Partners

A number of large investors have recently added to or reduced their stakes in the stock. Saber Capital Managment LLC purchased a new stake in shares of Natural Resource Partners during the 4th quarter valued at approximately $21,766,000. Bank of America Corp DE boosted its stake in Natural Resource Partners by 48.2% in the 1st quarter. Bank of America Corp DE now owns 183,026 shares of the energy company’s stock worth $22,146,000 after purchasing an additional 59,523 shares during the period. ING Groep NV grew its stake in Natural Resource Partners by 8.0% during the fourth quarter. ING Groep NV now owns 175,400 shares of the energy company’s stock valued at $18,312,000 after acquiring an additional 13,000 shares in the last quarter. Waverly Advisors LLC bought a new position in Natural Resource Partners in the 1st quarter valued at $3,146,000. Finally, Mizuho Markets Americas LLC purchased a new position in shares of Natural Resource Partners during the 1st quarter valued at $3,073,000. Hedge funds and other institutional investors own 31.77% of the company’s stock.

Natural Resource Partners Company Profile

Natural Resource Partners L.P. (NYSE:NRP) is a diversified natural resource company that owns, manages and leases mineral interests in the United States. Its portfolio includes rights related to coal, oil and natural gas, aggregates and other industrial minerals. Rather than generally operating mines or wells itself, the company leases its properties to third-party operators and receives royalty and other payments based on their production and use of the resources.

NRP’s mineral interests are located across several major U.S.