Natural Resource Partners L.P. (NYSE:NRP) Shares Sold by Covey Capital Advisors LLC

Covey Capital Advisors LLC lessened its stake in Natural Resource Partners L.P. (NYSE:NRP) by 5.6% during the fourth quarter, Holdings Channel reports. The firm owned 11,890 shares of the energy company’s stock after selling 701 shares during the period. Natural Resource Partners makes up about 1.5% of Covey Capital Advisors LLC’s holdings, making the stock its 16th biggest holding. Covey Capital Advisors LLC’s holdings in Natural Resource Partners were worth $1,320,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. ING Groep NV lifted its holdings in shares of Natural Resource Partners by 43.8% during the 4th quarter. ING Groep NV now owns 93,910 shares of the energy company’s stock valued at $10,424,000 after acquiring an additional 28,600 shares in the last quarter. Meixler Investment Management Ltd. lifted its holdings in Natural Resource Partners by 11.5% in the 4th quarter. Meixler Investment Management Ltd. now owns 45,591 shares of the energy company’s stock worth $5,061,000 after buying an additional 4,706 shares in the last quarter. Mountain Lake Investment Management LLC acquired a new position in Natural Resource Partners in the 4th quarter worth $1,222,000. DHK Financial Advisors Inc. acquired a new position in Natural Resource Partners in the 4th quarter worth $438,000. Finally, Solidarity Wealth LLC lifted its holdings in Natural Resource Partners by 97.8% in the 4th quarter. Solidarity Wealth LLC now owns 92,186 shares of the energy company’s stock worth $10,233,000 after buying an additional 45,571 shares in the last quarter. Institutional investors and hedge funds own 31.77% of the company’s stock.

Natural Resource Partners Stock Performance

Shares of NRP stock opened at $100.23 on Friday. Natural Resource Partners L.P. has a 12 month low of $81.74 and a 12 month high of $113.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.33 and a quick ratio of 2.33. The firm has a market capitalization of $1.30 billion, a P/E ratio of 8.06 and a beta of 0.56. The company’s fifty day moving average price is $105.67 and its two-hundred day moving average price is $100.08.

Natural Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Tuesday, February 18th. Natural Resource Partners’s payout ratio is currently 24.14%.

Natural Resource Partners Profile

Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in 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 the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.