Mizuho Markets Americas LLC bought a new stake in shares of Natural Resource Partners LP (NYSE:NRP – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,400 shares of the energy company’s stock, valued at approximately $3,073,000.
A number of other large investors also recently added to or reduced their stakes in the business. Morgan Stanley grew its holdings 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 buying an additional 125,530 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Natural Resource Partners by 9.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 748,185 shares of the energy company’s stock valued at $78,111,000 after buying an additional 63,350 shares during the last quarter. Corient Private Wealth LLC lifted its holdings 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 buying an additional 616,478 shares in the last quarter. Progeny 3 Inc. boosted its position in shares of Natural Resource Partners by 3.3% during the third quarter. Progeny 3 Inc. now owns 312,523 shares of the energy company’s stock worth $32,815,000 after acquiring an additional 9,973 shares during the last quarter. Finally, Solidarity Wealth LLC boosted its position in shares of Natural Resource Partners by 9.0% during the fourth quarter. Solidarity Wealth LLC now owns 214,776 shares of the energy company’s stock worth $22,423,000 after acquiring an additional 17,731 shares during the last quarter. 31.77% of the stock is owned by hedge funds and other institutional investors.
Natural Resource Partners Stock Performance
NYSE:NRP opened at $97.07 on Friday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 11.41 and a beta of 0.15. Natural Resource Partners LP has a 1 year low of $95.51 and a 1 year high of $128.60. The stock’s 50 day simple moving average is $101.48 and its two-hundred day simple moving average is $112.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.09 and a quick ratio of 2.09.
Natural Resource Partners Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 19th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, May 19th. Natural Resource Partners’s dividend payout ratio (DPR) is presently 35.25%.
Insider Activity at Natural Resource Partners
In other Natural Resource Partners news, EVP Kevin J. Craig bought 336 shares of Natural Resource Partners stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of $102.18 per share, for a total transaction of $34,332.48. Following the acquisition, the executive vice president directly owned 47,019 shares in the company, valued at approximately $4,804,401.42. This represents a 0.72% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 35.30% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings cut shares of Natural Resource Partners from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Natural Resource Partners has a consensus rating of “Hold”.
Read Our Latest Analysis on Natural Resource Partners
Natural Resource Partners 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.
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