Natural Resource Partners L.P. (NYSE:NRP) Position Boosted by Solidarity Wealth LLC

Solidarity Wealth LLC increased its holdings in Natural Resource Partners L.P. (NYSE:NRP) by 97.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,186 shares of the energy company’s stock after buying an additional 45,571 shares during the quarter. Natural Resource Partners comprises 2.7% of Solidarity Wealth LLC’s portfolio, making the stock its 12th largest holding. Solidarity Wealth LLC owned about 0.71% of Natural Resource Partners worth $10,233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NRP. ING Groep NV boosted its stake in shares of Natural Resource Partners by 20.1% during the 3rd quarter. ING Groep NV now owns 65,310 shares of the energy company’s stock worth $6,387,000 after acquiring an additional 10,910 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Natural Resource Partners during the third quarter worth $5,433,000. Meixler Investment Management Ltd. raised its holdings in shares of Natural Resource Partners by 22.2% during the third quarter. Meixler Investment Management Ltd. now owns 40,885 shares of the energy company’s stock worth $3,999,000 after acquiring an additional 7,430 shares in the last quarter. Horizon Kinetics Asset Management LLC purchased a new stake in shares of Natural Resource Partners during the third quarter worth $1,899,000. Finally, Pekin Hardy Strauss Inc. raised its holdings in shares of Natural Resource Partners by 7.5% during the third quarter. Pekin Hardy Strauss Inc. now owns 17,950 shares of the energy company’s stock worth $1,756,000 after acquiring an additional 1,260 shares in the last quarter. 31.77% of the stock is owned by institutional investors.

Natural Resource Partners Price Performance

Shares of NYSE:NRP opened at $108.88 on Tuesday. 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 1 year low of $81.74 and a 1 year high of $113.04. The business has a fifty day simple moving average of $107.09 and a 200 day simple moving average of $98.31. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 8.76 and a beta of 0.57.

Natural Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 19th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $3.00 annualized dividend and a yield of 2.76%. Natural Resource Partners’s dividend payout ratio (DPR) is currently 24.14%.

Natural Resource Partners Company 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.