Natural Resource Partners L.P. (NYSE:NRP) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. reduced its stake in shares of Natural Resource Partners L.P. (NYSE:NRP) by 22.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,100 shares of the energy company’s stock after selling 1,500 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Natural Resource Partners were worth $472,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Guyasuta Investment Advisors Inc. acquired a new position in shares of Natural Resource Partners during the fourth quarter worth $278,000. Meixler Investment Management Ltd. increased its position in shares of Natural Resource Partners by 2.3% during the fourth quarter. Meixler Investment Management Ltd. now owns 28,182 shares of the energy company’s stock worth $2,609,000 after acquiring an additional 630 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Natural Resource Partners by 1,450.2% in the third quarter. Citigroup Inc. now owns 449,196 shares of the energy company’s stock worth $35,428,000 after acquiring an additional 420,220 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in Natural Resource Partners by 8.4% in the third quarter. GSA Capital Partners LLP now owns 10,366 shares of the energy company’s stock valued at $818,000 after purchasing an additional 799 shares during the last quarter. Finally, Ballast Asset Management LP acquired a new stake in Natural Resource Partners during the 3rd quarter valued at approximately $5,300,000. 31.77% of the stock is owned by institutional investors and hedge funds.

Natural Resource Partners Stock Performance

Shares of Natural Resource Partners stock opened at $90.00 on Wednesday. The firm has a market cap of $1.17 billion, a PE ratio of 6.84 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 firm’s 50-day simple moving average is $90.21 and its 200-day simple moving average is $86.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.11 and a current ratio of 1.11.

Natural Resource Partners (NYSE:NRP) last issued its earnings results on Thursday, March 7th. The energy company reported $4.31 EPS for the quarter. The company had revenue of $93.16 million during 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 announced a None dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 19th were paid a dividend of $2.44 per share. This is a positive change 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 payout ratio is presently 22.81%.

Analysts Set New Price Targets

Separately, StockNews.com raised 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 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.