Larson Financial Group LLC Makes New Investment in Natural Resource Partners L.P. (NYSE:NRP)

Larson Financial Group LLC purchased a new position in shares of Natural Resource Partners L.P. (NYSE:NRP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 800 shares of the energy company’s stock, valued at approximately $89,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NRP. US Bancorp DE acquired a new position in Natural Resource Partners during the 4th quarter worth approximately $33,000. Covestor Ltd purchased a new stake in shares of Natural Resource Partners during the 3rd quarter worth approximately $60,000. Avalon Capital Management purchased a new stake in shares of Natural Resource Partners during the 4th quarter worth approximately $222,000. Jane Street Group LLC purchased a new stake in shares of Natural Resource Partners during the 3rd quarter worth approximately $294,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Natural Resource Partners during the 3rd quarter worth approximately $324,000. Institutional investors and hedge funds own 31.77% of the company’s stock.

Natural Resource Partners Stock Down 1.1 %

Shares of NYSE:NRP opened at $103.88 on Thursday. The company has a market capitalization of $1.35 billion, a PE ratio of 8.36 and a beta of 0.39. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.35. Natural Resource Partners L.P. has a twelve month low of $81.74 and a twelve month high of $113.04. The firm has a 50 day simple moving average of $104.54 and a 200-day simple moving average of $101.32.

Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings data on Friday, February 28th. The energy company reported $3.15 earnings per share for the quarter. The business had revenue of $65.73 million during the quarter. Natural Resource Partners had a net margin of 68.22% and a return on equity of 39.69%.

Natural Resource Partners Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th will be given a $1.21 dividend. This is an increase from Natural Resource Partners’s previous dividend of $0.35. The ex-dividend date is Tuesday, March 11th. Natural Resource Partners’s dividend payout ratio is 26.62%.

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.