Natural Resource Partners L.P. (NYSE:NRP) Position Cut by Ballast Asset Management LP

Ballast Asset Management LP trimmed its stake in Natural Resource Partners L.P. (NYSE:NRP) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,019 shares of the energy company’s stock after selling 3,181 shares during the period. Natural Resource Partners makes up about 4.5% of Ballast Asset Management LP’s portfolio, making the stock its 2nd biggest position. Ballast Asset Management LP owned about 0.62% of Natural Resource Partners worth $8,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of NRP. Pecaut & CO. purchased a new position in Natural Resource Partners during the fourth quarter worth $755,000. Larson Financial Group LLC bought a new position in Natural Resource Partners during the 4th quarter valued at about $89,000. US Bancorp DE bought a new stake in Natural Resource Partners in the fourth quarter worth about $33,000. Avalon Capital Management purchased a new position in shares of Natural Resource Partners during the fourth quarter valued at approximately $222,000. Finally, ING Groep NV boosted its holdings in Natural Resource Partners by 43.8% during the 4th quarter. ING Groep NV now owns 93,910 shares of the energy company’s stock valued at $10,424,000 after acquiring an additional 28,600 shares during the period. Institutional investors own 31.77% of the company’s stock.

Natural Resource Partners Stock Down 0.7 %

Shares of NYSE NRP opened at $104.25 on Tuesday. Natural Resource Partners L.P. has a 52-week low of $81.74 and a 52-week high of $113.04. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 8.39 and a beta of 0.39. The stock has a 50 day moving average price of $104.04 and a 200 day moving average price of $103.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.33 and a current ratio of 2.33.

Natural Resource Partners (NYSE:NRP) last announced its earnings results on Friday, February 28th. The energy company reported $3.15 EPS for the quarter. The business 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 business also recently declared a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were given a dividend of $1.21 per share. This is an increase from Natural Resource Partners’s previous dividend of $0.35. The ex-dividend date 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.