Horizon Kinetics Asset Management LLC Buys New Holdings in Natural Resource Partners L.P. (NYSE:NRP)

Horizon Kinetics Asset Management LLC acquired a new position in shares of Natural Resource Partners L.P. (NYSE:NRP - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,422 shares of the energy company's stock, valued at approximately $1,899,000. Horizon Kinetics Asset Management LLC owned approximately 0.15% of Natural Resource Partners as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pekin Hardy Strauss Inc. grew its position in Natural Resource Partners by 7.5% during the third quarter. Pekin Hardy Strauss Inc. now owns 17,950 shares of the energy company's stock valued at $1,756,000 after buying an additional 1,260 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of Natural Resource Partners in the 3rd quarter valued at about $324,000. ING Groep NV increased its holdings in shares of Natural Resource Partners by 20.1% in the 3rd quarter. ING Groep NV now owns 65,310 shares of the energy company's stock worth $6,387,000 after buying an additional 10,910 shares during the last quarter. Meixler Investment Management Ltd. raised its position in shares of Natural Resource Partners by 22.2% during the 3rd quarter. Meixler Investment Management Ltd. now owns 40,885 shares of the energy company's stock valued at $3,999,000 after buying an additional 7,430 shares in the last quarter. Finally, Covestor Ltd bought a new stake in shares of Natural Resource Partners during the 3rd quarter worth $60,000. 31.77% of the stock is owned by hedge funds and other institutional investors.

Natural Resource Partners Price Performance

NRP traded up $1.27 during midday trading on Tuesday, hitting $108.67. The stock had a trading volume of 41,359 shares, compared to its average volume of 26,983. Natural Resource Partners L.P. has a 1 year low of $74.93 and a 1 year high of $113.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.33 and a current ratio of 2.33. The business has a fifty day moving average of $99.64 and a 200 day moving average of $93.68. The company has a market cap of $1.41 billion, a P/E ratio of 8.77 and a beta of 0.50.

Natural Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 19th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Tuesday, November 19th. Natural Resource Partners's dividend payout ratio is currently 24.14%.

Analyst Upgrades and Downgrades

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

Natural Resource Partners Company 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.