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

Ballast Asset Management LP decreased its holdings in Natural Resource Partners L.P. (NYSE:NRP - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,019 shares of the energy company's stock after selling 3,181 shares during the quarter. Natural Resource Partners accounts for approximately 4.5% of Ballast Asset Management LP's holdings, making the stock its 2nd biggest holding. Ballast Asset Management LP owned 0.62% of Natural Resource Partners worth $8,882,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pecaut & CO. bought a new position in shares of Natural Resource Partners during the 4th quarter worth approximately $755,000. Larson Financial Group LLC acquired a new position in Natural Resource Partners during the fourth quarter worth $89,000. US Bancorp DE bought a new position in shares of Natural Resource Partners during the fourth quarter valued at $33,000. Avalon Capital Management acquired a new stake in shares of Natural Resource Partners in the 4th quarter valued at $222,000. Finally, ING Groep NV grew its holdings in shares of Natural Resource Partners by 43.8% in the 4th quarter. ING Groep NV now owns 93,910 shares of the energy company's stock worth $10,424,000 after purchasing an additional 28,600 shares during the last quarter. 31.77% of the stock is owned by institutional investors.

Natural Resource Partners Price Performance

Shares of Natural Resource Partners stock traded down $5.78 during mid-day trading on Friday, reaching $93.72. 65,159 shares of the stock were exchanged, compared to its average volume of 28,281. Natural Resource Partners L.P. has a fifty-two week low of $81.74 and a fifty-two week high of $113.04. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 7.54 and a beta of 0.39. The firm has a 50-day simple moving average of $103.46 and a 200 day simple moving average of $103.43. 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 quarterly earnings data on Friday, February 28th. The energy company reported $3.15 earnings per share for the quarter. The company had revenue of $65.73 million during the quarter. Natural Resource Partners had a net margin of 68.22% and a return on equity of 39.69%.

Natural Resource Partners Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were paid a $1.21 dividend. The ex-dividend date was Tuesday, March 11th. This is a positive change from Natural Resource Partners's previous dividend of $0.35. Natural Resource Partners's payout ratio is currently 26.62%.

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.