Solidarity Wealth LLC Raises Stake in Natural Resource Partners L.P. (NYSE:NRP)

Solidarity Wealth LLC grew its stake in shares of Natural Resource Partners L.P. (NYSE:NRP - Free Report) by 97.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 92,186 shares of the energy company's stock after purchasing an additional 45,571 shares during the period. Natural Resource Partners comprises approximately 2.7% of Solidarity Wealth LLC's portfolio, making the stock its 12th biggest position. Solidarity Wealth LLC owned about 0.71% of Natural Resource Partners worth $10,233,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NRP. Northwestern Mutual Wealth Management Co. bought a new position in Natural Resource Partners in the 2nd quarter valued at $34,000. Covestor Ltd purchased a new stake in Natural Resource Partners during the third quarter worth about $60,000. Exchange Traded Concepts LLC raised its holdings in shares of Natural Resource Partners by 14.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,322 shares of the energy company's stock worth $716,000 after purchasing an additional 898 shares during the period. Pekin Hardy Strauss Inc. raised its stake in shares of Natural Resource Partners by 7.5% in 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. Finally, Jane Street Group LLC purchased a new stake in Natural Resource Partners during the third quarter valued at about $294,000. 31.77% of the stock is owned by hedge funds and other institutional investors.

Natural Resource Partners Stock Performance

Shares of NYSE NRP traded up $0.84 during midday trading on Tuesday, hitting $108.06. The company's stock had a trading volume of 23,791 shares, compared to its average volume of 38,758. The stock has a fifty day moving average price of $107.11 and a 200 day moving average price of $98.39. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 8.69 and a beta of 0.57. Natural Resource Partners L.P. has a one year low of $81.74 and a one year high of $113.04. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.35.

Natural Resource Partners (NYSE:NRP - Get Free Report) last posted its earnings results on Tuesday, November 5th. The energy company reported $2.00 earnings per share (EPS) for the quarter. Natural Resource Partners had a return on equity of 39.69% and a net margin of 68.22%. The firm had revenue of $60.33 million for the quarter.

Natural Resource Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Tuesday, November 19th. Natural Resource Partners's payout ratio is 24.14%.

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.