Natural Resource Partners L.P. (NYSE:NRP – Get Rating) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $42.72 and traded as high as $44.65. Natural Resource Partners shares last traded at $43.78, with a volume of 12,574 shares.
Natural Resource Partners Trading Down 2.0 %
The firm has a market cap of $540.73 million, a PE ratio of 4.41 and a beta of 0.60. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.73. The stock's fifty day simple moving average is $41.28 and its two-hundred day simple moving average is $42.72.
Get Natural Resource Partners alerts:Natural Resource Partners Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 23rd. Shareholders of record on Tuesday, August 16th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date of this dividend was Monday, August 15th. Natural Resource Partners's dividend payout ratio (DPR) is presently 30.24%.
Institutional Investors Weigh In On Natural Resource Partners
Institutional investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. grew its holdings in shares of Natural Resource Partners by 25.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,462 shares of the energy company's stock valued at $49,000 after buying an additional 300 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Natural Resource Partners during the fourth quarter valued at approximately $53,000. Avalon Investment & Advisory purchased a new stake in shares of Natural Resource Partners during the first quarter valued at approximately $214,000. Matrix Private Capital Group LLC bought a new position in Natural Resource Partners during the first quarter valued at approximately $241,000. Finally, Level Four Advisory Services LLC bought a new position in Natural Resource Partners during the fourth quarter valued at approximately $244,000. Hedge funds and other institutional investors own 38.12% of the company's stock.Natural Resource Partners Company Profile
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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.
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