Natural Resource Partners L.P. (NYSE:NRP) Stock Position Increased by Meixler Investment Management Ltd.

Meixler Investment Management Ltd. raised its stake in Natural Resource Partners L.P. (NYSE:NRP - Free Report) by 22.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,885 shares of the energy company's stock after buying an additional 7,430 shares during the quarter. Natural Resource Partners makes up approximately 3.0% of Meixler Investment Management Ltd.'s investment portfolio, making the stock its 8th largest position. Meixler Investment Management Ltd. owned about 0.32% of Natural Resource Partners worth $3,999,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in Natural Resource Partners during the 2nd quarter worth about $34,000. Covestor Ltd purchased a new stake in Natural Resource Partners in the third quarter valued at approximately $60,000. Exchange Traded Concepts LLC grew its position in shares of Natural Resource Partners by 14.0% during the third quarter. Exchange Traded Concepts LLC now owns 7,322 shares of the energy company's stock worth $716,000 after acquiring an additional 898 shares during the last quarter. Stokes Family Office LLC raised its position in Natural Resource Partners by 17.8% in the 2nd quarter. Stokes Family Office LLC now owns 6,625 shares of the energy company's stock valued at $594,000 after purchasing an additional 1,000 shares during the last quarter. Finally, PEAK6 Investments LLC acquired a new stake in Natural Resource Partners during the 1st quarter worth $207,000. Institutional investors and hedge funds own 31.77% of the company's stock.

Wall Street Analyst Weigh In

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

Natural Resource Partners Price Performance

Shares of NYSE:NRP traded up $2.60 on Monday, reaching $110.59. 43,078 shares of the company were exchanged, compared to its average volume of 26,408. The company has a current ratio of 2.33, a quick ratio of 2.43 and a debt-to-equity ratio of 0.35. Natural Resource Partners L.P. has a 1-year low of $68.32 and a 1-year high of $111.46. The company has a 50-day moving average of $95.39 and a 200-day moving average of $92.44. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 8.69 and a beta of 0.50.

Natural Resource Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, November 19th. Natural Resource Partners's dividend payout ratio (DPR) is 24.14%.

About Natural Resource Partners

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.