Tower Research Capital LLC TRC acquired a new stake in Natural Resource Partners L.P. (NYSE:NRP – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,354 shares of the energy company’s stock, valued at approximately $123,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heritage Wealth Management LLC lifted its holdings in Natural Resource Partners by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 500 shares of the energy company’s stock valued at $27,000 after purchasing an additional 250 shares during the last quarter. Dorsey Wright & Associates acquired a new stake in shares of Natural Resource Partners during the 4th quarter worth about $48,000. Global Retirement Partners LLC bought a new stake in shares of Natural Resource Partners during the 1st quarter worth about $47,000. ING Groep NV acquired a new position in Natural Resource Partners in the 4th quarter valued at about $217,000. Finally, Avalon Investment & Advisory bought a new position in Natural Resource Partners in the 1st quarter valued at about $214,000. 34.26% of the stock is currently owned by institutional investors.
Natural Resource Partners Stock Performance
Shares of NYSE NRP opened at $64.43 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $814.40 million, a price-to-earnings ratio of 5.05 and a beta of 0.36. The stock’s fifty day moving average price is $59.67 and its two-hundred day moving average price is $54.73. Natural Resource Partners L.P. has a one year low of $37.61 and a one year high of $69.40.
Natural Resource Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 16th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.66%. Natural Resource Partners’s payout ratio is presently 23.49%.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on Natural Resource Partners in a report on Thursday, August 17th. They set a “buy” rating for the company.
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; oil and gas properties located in Louisiana; timber assets located in West Virginia; and trona ore mining operation and soda ash refinery located in the Green River Basin, Wyoming.
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