Solidarity Wealth LLC Has $4.56 Million Stock Position in Natural Resource Partners L.P. (NYSE:NRP)

Solidarity Wealth LLC boosted its position in Natural Resource Partners L.P. (NYSE:NRP - Free Report) by 1,038.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,615 shares of the energy company's stock after purchasing an additional 42,521 shares during the quarter. Natural Resource Partners makes up approximately 1.2% of Solidarity Wealth LLC's investment portfolio, making the stock its 28th largest holding. Solidarity Wealth LLC owned about 0.36% of Natural Resource Partners worth $4,559,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Natural Resource Partners during the 2nd quarter worth approximately $34,000. Ruedi Wealth Management Inc. purchased a new position in shares of Natural Resource Partners during the 1st quarter worth $51,000. PEAK6 Investments LLC purchased a new position in shares of Natural Resource Partners during the 1st quarter worth $207,000. Stokes Family Office LLC purchased a new position in Natural Resource Partners during the 1st quarter valued at about $518,000. Finally, MAS Advisors LLC boosted its holdings in Natural Resource Partners by 73.8% during the 1st quarter. MAS Advisors LLC now owns 5,682 shares of the energy company's stock valued at $523,000 after acquiring an additional 2,413 shares during the period. 31.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Natural Resource Partners Stock Performance

Shares of NRP stock traded up $0.90 during midday trading on Thursday, hitting $96.40. The company had a trading volume of 3,322 shares, compared to its average volume of 25,726. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.43 and a quick ratio of 2.43. Natural Resource Partners L.P. has a 52-week low of $65.56 and a 52-week high of $102.00. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 7.24 and a beta of 0.49. The company's 50 day simple moving average is $93.72 and its 200 day simple moving average is $91.94.

Natural Resource Partners (NYSE:NRP - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The energy company reported $2.29 earnings per share (EPS) for the quarter. The firm had revenue of $65.54 million during the quarter. Natural Resource Partners had a return on equity of 44.97% and a net margin of 70.55%.

Natural Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 20th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Tuesday, August 20th. Natural Resource Partners's dividend payout ratio (DPR) is 22.49%.

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.