Natural Resource Partners LP (NYSE:NRP) Stock Position Boosted by Solidarity Wealth LLC

Solidarity Wealth LLC boosted its holdings in shares of Natural Resource Partners LP (NYSE:NRP) by 79.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,017 shares of the energy company’s stock after buying an additional 72,831 shares during the quarter. Natural Resource Partners makes up approximately 4.2% of Solidarity Wealth LLC’s investment portfolio, making the stock its 6th biggest holding. Solidarity Wealth LLC owned about 1.27% of Natural Resource Partners worth $17,145,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Covestor Ltd raised its holdings in shares of Natural Resource Partners by 26.1% during the fourth quarter. Covestor Ltd now owns 773 shares of the energy company’s stock worth $86,000 after purchasing an additional 160 shares during the last quarter. Jane Street Group LLC grew its stake in Natural Resource Partners by 90.1% during the 4th quarter. Jane Street Group LLC now owns 5,710 shares of the energy company’s stock valued at $634,000 after acquiring an additional 2,707 shares in the last quarter. Bank of America Corp DE grew its stake in Natural Resource Partners by 48.9% during the 4th quarter. Bank of America Corp DE now owns 57,085 shares of the energy company’s stock valued at $6,336,000 after acquiring an additional 18,754 shares in the last quarter. Progeny 3 Inc. purchased a new stake in Natural Resource Partners during the 4th quarter valued at about $15,732,000. Finally, Formidable Asset Management LLC purchased a new stake in Natural Resource Partners during the 4th quarter valued at about $222,000. 31.77% of the stock is owned by hedge funds and other institutional investors.

Natural Resource Partners Stock Performance

NYSE:NRP opened at $100.26 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 9.63 and a beta of 0.27. The company’s 50-day moving average is $96.92 and its two-hundred day moving average is $100.37. Natural Resource Partners LP has a 1-year low of $81.74 and a 1-year high of $113.04.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Tuesday, May 6th. The energy company reported $2.97 earnings per share for the quarter. Natural Resource Partners had a net margin of 66.17% and a return on equity of 31.31%. The company had revenue of $60.54 million for the quarter.

Natural Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th were issued a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $3.00 annualized dividend and a dividend yield of 2.99%. Natural Resource Partners’s dividend payout ratio is currently 28.82%.

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.