Natural Resource Partners L.P. (NYSE:NRP – Get 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 Stock Performance
The stock has a 50-day simple moving average of $43.35 and a 200-day simple moving average of $43.60. The company has a market capitalization of $521.46 million, a price-to-earnings ratio of 4.26 and a beta of 0.56. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.73.
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The company also recently declared a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Tuesday, August 16th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 7.11%. The ex-dividend date was Monday, August 15th. Natural Resource Partners's dividend payout ratio is currently 30.24%.
Institutional Investors Weigh In On Natural Resource Partners
Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Holdings Inc. increased its position in Natural Resource Partners by 25.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,462 shares of the energy company's stock worth $49,000 after buying an additional 300 shares during the period. Chilton Capital Management LLC acquired a new stake in Natural Resource Partners in the second quarter worth $59,000. Avalon Investment & Advisory acquired a new stake in Natural Resource Partners in the first quarter worth $214,000. Matrix Private Capital Group LLC acquired a new stake in Natural Resource Partners in the first quarter worth $241,000. Finally, Bank of America Corp DE increased its position in Natural Resource Partners by 26.2% in the first quarter. Bank of America Corp DE now owns 29,413 shares of the energy company's stock worth $1,257,000 after buying an additional 6,102 shares during the period. 38.12% of the stock is owned by institutional investors and hedge funds.About Natural Resource Partners
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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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