Natural Resource Partners L.P. (NYSE:NRP) Shares Bought by Solidarity Wealth LLC

Solidarity Wealth LLC raised its position in shares of Natural Resource Partners L.P. (NYSE:NRP) by 1,038.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,615 shares of the energy company’s stock after purchasing an additional 42,521 shares during the quarter. Natural Resource Partners accounts for 1.2% of Solidarity Wealth LLC’s portfolio, making the stock its 28th largest position. Solidarity Wealth LLC owned approximately 0.36% of Natural Resource Partners worth $4,559,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NRP. Eubel Brady & Suttman Asset Management Inc. boosted its position in Natural Resource Partners by 1,035.2% in the second quarter. Eubel Brady & Suttman Asset Management Inc. now owns 117,100 shares of the energy company’s stock valued at $10,497,000 after buying an additional 106,785 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new stake in shares of Natural Resource Partners in the 2nd quarter valued at $1,496,000. GSA Capital Partners LLP boosted its holdings in shares of Natural Resource Partners by 11.2% in the 1st quarter. GSA Capital Partners LLP now owns 9,939 shares of the energy company’s stock valued at $914,000 after acquiring an additional 999 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Natural Resource Partners in the second quarter worth $34,000. Finally, PEAK6 Investments LLC purchased a new position in shares of Natural Resource Partners during the first quarter worth $207,000. 31.77% of the stock is owned by institutional investors and hedge funds.

Natural Resource Partners Stock Down 0.6 %

Natural Resource Partners stock opened at $95.49 on Thursday. Natural Resource Partners L.P. has a 52 week low of $65.56 and a 52 week high of $102.00. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 7.16 and a beta of 0.49. The business’s 50-day moving average price is $93.56 and its 200 day moving average price is $91.91. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.39.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Wednesday, August 7th. The energy company reported $2.29 earnings per share for the quarter. Natural Resource Partners had a net margin of 70.55% and a return on equity of 44.97%. The firm had revenue of $65.54 million during the quarter.

Natural Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date was Tuesday, August 20th. Natural Resource Partners’s dividend payout ratio (DPR) is presently 22.49%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 17th.

About Natural Resource Partners

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.