Goldentree Asset Management LP Has $11.85 Million Stock Holdings in Natural Resource Partners L.P. (NYSE:NRP)

Goldentree Asset Management LP lessened its holdings in Natural Resource Partners L.P. (NYSE:NRP - Free Report) by 3.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,173 shares of the energy company's stock after selling 4,620 shares during the period. Natural Resource Partners makes up 0.9% of Goldentree Asset Management LP's portfolio, making the stock its 27th biggest position. Goldentree Asset Management LP owned about 0.93% of Natural Resource Partners worth $11,851,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Eubel Brady & Suttman Asset Management Inc. increased its position in shares of Natural Resource Partners by 1,035.2% during the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 117,100 shares of the energy company's stock worth $10,497,000 after purchasing an additional 106,785 shares in the last quarter. ING Groep NV grew its position in Natural Resource Partners by 20.1% during the 3rd quarter. ING Groep NV now owns 65,310 shares of the energy company's stock worth $6,387,000 after acquiring an additional 10,910 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Natural Resource Partners during the 3rd quarter valued at $5,433,000. Solidarity Wealth LLC boosted its stake in Natural Resource Partners by 1,038.6% in the third quarter. Solidarity Wealth LLC now owns 46,615 shares of the energy company's stock worth $4,559,000 after purchasing an additional 42,521 shares in the last quarter. Finally, Meixler Investment Management Ltd. grew its holdings in shares of Natural Resource Partners by 22.2% during the third quarter. Meixler Investment Management Ltd. now owns 40,885 shares of the energy company's stock worth $3,999,000 after purchasing an additional 7,430 shares during the last quarter. Institutional investors own 31.77% of the company's stock.

Natural Resource Partners Trading Down 0.0 %

Shares of NRP stock traded down $0.01 during trading hours on Friday, reaching $109.49. The company had a trading volume of 18,332 shares, compared to its average volume of 26,978. Natural Resource Partners L.P. has a 1-year low of $76.25 and a 1-year high of $113.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.33 and a quick ratio of 2.33. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 8.81 and a beta of 0.50. The company has a 50 day moving average of $100.87 and a 200 day moving average of $94.17.

Natural Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 19th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, November 19th. This represents a $3.00 annualized dividend and a yield of 2.74%. Natural Resource Partners's dividend payout ratio is presently 24.14%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Natural Resource Partners from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 17th.

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.