Natural Resource Partners LP $NRP is Castalian Partners LLC's Largest Position

Castalian Partners LLC raised its holdings in shares of Natural Resource Partners LP (NYSE:NRP - Free Report) by 13.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 77,081 shares of the energy company's stock after purchasing an additional 9,400 shares during the period. Natural Resource Partners accounts for about 100.0% of Castalian Partners LLC's portfolio, making the stock its largest position. Castalian Partners LLC owned 0.59% of Natural Resource Partners worth $7,362,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NRP. MAS Advisors LLC boosted its stake in shares of Natural Resource Partners by 4.3% during the second quarter. MAS Advisors LLC now owns 3,375 shares of the energy company's stock valued at $322,000 after purchasing an additional 140 shares in the last quarter. Covestor Ltd boosted its position in Natural Resource Partners by 21.6% during the 1st quarter. Covestor Ltd now owns 940 shares of the energy company's stock valued at $98,000 after acquiring an additional 167 shares in the last quarter. State of Wyoming increased its holdings in shares of Natural Resource Partners by 23.8% in the 1st quarter. State of Wyoming now owns 2,638 shares of the energy company's stock valued at $274,000 after acquiring an additional 507 shares during the period. Horizon Kinetics Asset Management LLC raised its position in shares of Natural Resource Partners by 6.1% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 19,123 shares of the energy company's stock worth $1,826,000 after acquiring an additional 1,098 shares in the last quarter. Finally, Energy Income Partners LLC raised its position in shares of Natural Resource Partners by 4.4% in the 1st quarter. Energy Income Partners LLC now owns 32,807 shares of the energy company's stock worth $3,409,000 after acquiring an additional 1,392 shares in the last quarter. Institutional investors own 31.77% of the company's stock.

Natural Resource Partners Price Performance

Shares of NRP stock opened at $104.20 on Tuesday. Natural Resource Partners LP has a fifty-two week low of $86.83 and a fifty-two week high of $113.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 9.79 and a beta of 0.28. The stock's 50-day simple moving average is $104.32 and its 200-day simple moving average is $101.09.

Natural Resource Partners (NYSE:NRP - Get Free Report) last released its earnings results on Tuesday, November 4th. The energy company reported $2.28 EPS for the quarter. The company had revenue of $49.93 million during the quarter. Natural Resource Partners had a net margin of 65.19% and a return on equity of 27.76%.

Natural Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 18th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.9%. Natural Resource Partners's payout ratio is 27.47%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NRP. Wall Street Zen upgraded Natural Resource Partners from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Weiss Ratings restated a "buy (b-)" rating on shares of Natural Resource Partners in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".

View Our Latest Analysis on NRP

Insider Activity

In related news, VP Gregory F. Wooten sold 8,607 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $100.24, for a total value of $862,765.68. Following the completion of the transaction, the vice president owned 28,656 shares in the company, valued at $2,872,477.44. This trade represents a 23.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 35.30% of the stock is currently owned by insiders.

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.

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