Ballast Asset Management LP Has $8.88 Million Stock Position in Natural Resource Partners L.P. (NYSE:NRP)

Ballast Asset Management LP cut its holdings in shares of Natural Resource Partners L.P. (NYSE:NRP - Free Report) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 80,019 shares of the energy company's stock after selling 3,181 shares during the quarter. Natural Resource Partners accounts for about 4.5% of Ballast Asset Management LP's investment portfolio, making the stock its 2nd largest holding. Ballast Asset Management LP owned 0.62% of Natural Resource Partners worth $8,882,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. US Bancorp DE acquired a new stake in Natural Resource Partners during the fourth quarter valued at $33,000. Larson Financial Group LLC acquired a new stake in shares of Natural Resource Partners during the 4th quarter valued at about $89,000. Avalon Capital Management bought a new stake in shares of Natural Resource Partners in the 4th quarter valued at approximately $222,000. Jane Street Group LLC acquired a new position in Natural Resource Partners in the third quarter worth approximately $294,000. Finally, DHK Financial Advisors Inc. bought a new position in Natural Resource Partners during the fourth quarter valued at approximately $438,000. Hedge funds and other institutional investors own 31.77% of the company's stock.

Natural Resource Partners Stock Down 4.0 %

NRP stock traded down $4.24 during trading hours on Thursday, hitting $100.38. The company's stock had a trading volume of 36,015 shares, compared to its average volume of 28,084. The stock has a 50 day moving average price of $103.91 and a two-hundred day moving average price of $103.34. Natural Resource Partners L.P. has a 12 month low of $81.74 and a 12 month high of $113.04. The company has a market capitalization of $1.30 billion, a PE ratio of 8.08 and a beta of 0.39. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.35.

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Natural Resource Partners (NYSE:NRP - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The energy company reported $3.15 EPS for the quarter. Natural Resource Partners had a return on equity of 39.69% and a net margin of 68.22%. The company had revenue of $65.73 million for the quarter.

Natural Resource Partners Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were given a $1.21 dividend. This is an increase from Natural Resource Partners's previous dividend of $0.35. The ex-dividend date of this dividend was Tuesday, March 11th. Natural Resource Partners's dividend payout ratio (DPR) is currently 26.62%.

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.