Bastion Asset Management Inc. Buys Shares of 19,330 Natural Resource Partners LP $NRP

Bastion Asset Management Inc. purchased a new position in Natural Resource Partners LP (NYSE:NRP) during the 1st quarter, HoldingsChannel reports. The firm purchased 19,330 shares of the energy company’s stock, valued at approximately $2,363,000.

Other large investors also recently modified their holdings of the company. Corient Private Wealth LLC grew its stake in shares of Natural Resource Partners by 12,329.6% in the second quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock worth $59,357,000 after acquiring an additional 616,478 shares during the last quarter. Saber Capital Managment LLC acquired a new position in Natural Resource Partners during the 4th quarter valued at $21,766,000. Morgan Stanley raised its stake in Natural Resource Partners by 14.3% during the 4th quarter. Morgan Stanley now owns 1,006,232 shares of the energy company’s stock valued at $105,051,000 after purchasing an additional 125,530 shares during the last quarter. Nitor Capital Management LLC bought a new stake in Natural Resource Partners in the 4th quarter valued at $6,703,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Natural Resource Partners by 9.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 748,185 shares of the energy company’s stock valued at $78,111,000 after purchasing an additional 63,350 shares during the period. 31.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Natural Resource Partners from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Natural Resource Partners presently has a consensus rating of “Hold”.

Insider Activity at Natural Resource Partners

In other Natural Resource Partners news, EVP Kevin J. Craig acquired 336 shares of Natural Resource Partners stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of $102.18 per share, with a total value of $34,332.48. Following the acquisition, the executive vice president owned 47,019 shares of the company’s stock, valued at approximately $4,804,401.42. The trade was a 0.72% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 35.30% of the company’s stock.

Natural Resource Partners Stock Performance

NRP opened at $97.69 on Friday. The stock has a market cap of $1.29 billion, a PE ratio of 11.48 and a beta of 0.15. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.07. Natural Resource Partners LP has a 1 year low of $96.39 and a 1 year high of $128.60. The stock’s 50 day simple moving average is $102.69 and its 200-day simple moving average is $112.62.

Natural Resource Partners (NYSE:NRP) last issued its earnings results on Wednesday, May 6th. The energy company reported $1.44 EPS for the quarter, topping the consensus estimate of $0.25 by $1.19. Natural Resource Partners had a return on equity of 18.49% and a net margin of 61.28%.The firm had revenue of $47.18 million during the quarter, compared to analysts’ expectations of $37.80 million.

Natural Resource Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 19th were paid a $0.75 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.1%. Natural Resource Partners’s dividend payout ratio is currently 35.25%.

Natural Resource Partners Company Profile

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.