Covestor Ltd Buys New Shares in Natural Resource Partners L.P. (NYSE:NRP)

Covestor Ltd purchased a new position in shares of Natural Resource Partners L.P. (NYSE:NRP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 613 shares of the energy company’s stock, valued at approximately $60,000.

A number of other large investors have also recently added to or reduced their stakes in the company. L1 Capital International Pty Ltd bought a new stake in shares of Natural Resource Partners in the 1st quarter valued at about $13,890,000. Eubel Brady & Suttman Asset Management Inc. lifted its holdings in Natural Resource Partners by 1,035.2% during the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 117,100 shares of the energy company’s stock valued at $10,497,000 after purchasing an additional 106,785 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Natural Resource Partners in the third quarter valued at $5,433,000. Solidarity Wealth LLC raised its position in shares of Natural Resource Partners by 1,038.6% in the third quarter. Solidarity Wealth LLC now owns 46,615 shares of the energy company’s stock valued at $4,559,000 after purchasing an additional 42,521 shares during the period. Finally, Meixler Investment Management Ltd. lifted its stake in shares of Natural Resource Partners by 6.3% during the 2nd quarter. Meixler Investment Management Ltd. now owns 33,455 shares of the energy company’s stock worth $2,999,000 after buying an additional 1,975 shares during the last quarter. Institutional investors and hedge funds own 31.77% of the company’s stock.

Natural Resource Partners Stock Performance

NYSE:NRP opened at $107.48 on Friday. The stock has a 50 day simple moving average of $96.99 and a 200 day simple moving average of $92.89. The stock has a market cap of $1.39 billion, a P/E ratio of 8.65 and a beta of 0.50. Natural Resource Partners L.P. has a 1-year low of $68.32 and a 1-year high of $111.46. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.79%. Natural Resource Partners’s payout ratio is presently 24.14%.

Analyst Upgrades and Downgrades

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

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.