Natural Resource Partners L.P. (NYSE:NRP) is Meixler Investment Management Ltd.’s 10th Largest Position

Meixler Investment Management Ltd. boosted its position in shares of Natural Resource Partners L.P. (NYSE:NRP) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,182 shares of the energy company’s stock after buying an additional 630 shares during the period. Natural Resource Partners accounts for approximately 2.2% of Meixler Investment Management Ltd.’s portfolio, making the stock its 10th biggest holding. Meixler Investment Management Ltd. owned about 0.22% of Natural Resource Partners worth $2,609,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NRP. Raymond James & Associates acquired a new position in Natural Resource Partners during the third quarter worth approximately $221,000. Jump Financial LLC acquired a new position in Natural Resource Partners during the third quarter worth approximately $252,000. Commonwealth Equity Services LLC acquired a new position in Natural Resource Partners during the third quarter worth approximately $258,000. GSA Capital Partners LLP increased its position in Natural Resource Partners by 8.4% during the third quarter. GSA Capital Partners LLP now owns 10,366 shares of the energy company’s stock worth $818,000 after buying an additional 799 shares during the period. Finally, ING Groep NV increased its holdings in shares of Natural Resource Partners by 410.0% in the third quarter. ING Groep NV now owns 20,400 shares of the energy company’s stock valued at $1,609,000 after purchasing an additional 16,400 shares during the period. Institutional investors and hedge funds own 31.77% of the company’s stock.

Natural Resource Partners Stock Performance

Shares of Natural Resource Partners stock traded up $2.33 on Friday, reaching $91.73. 10,163 shares of the stock were exchanged, compared to its average volume of 21,775. The firm has a market capitalization of $1.19 billion, a PE ratio of 6.98 and a beta of 0.46. Natural Resource Partners L.P. has a 1-year low of $44.68 and a 1-year high of $102.00. The business has a fifty day moving average price of $90.00 and a two-hundred day moving average price of $85.75. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.23.

Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings data on Thursday, March 7th. The energy company reported $4.31 earnings per share for the quarter. The company had revenue of $93.16 million for the quarter. Natural Resource Partners had a return on equity of 44.05% and a net margin of 59.68%.

Natural Resource Partners Increases Dividend

The firm also recently declared a None dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 19th were issued a $2.44 dividend. This is a boost from Natural Resource Partners’s previous None dividend of $2.43. The ex-dividend date of this dividend was Monday, March 18th. Natural Resource Partners’s dividend payout ratio (DPR) is currently 22.81%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Natural Resource Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 8th.

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.