Exchange Traded Concepts LLC Purchases 898 Shares of Natural Resource Partners L.P. (NYSE:NRP)

Exchange Traded Concepts LLC raised its stake in Natural Resource Partners L.P. (NYSE:NRP) by 14.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,322 shares of the energy company’s stock after acquiring an additional 898 shares during the period. Exchange Traded Concepts LLC’s holdings in Natural Resource Partners were worth $716,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NRP. GSA Capital Partners LLP grew its position in Natural Resource Partners by 11.2% in the first quarter. GSA Capital Partners LLP now owns 9,939 shares of the energy company’s stock valued at $914,000 after acquiring an additional 999 shares during the period. Ruedi Wealth Management Inc. bought a new stake in Natural Resource Partners in the first quarter valued at $51,000. Stokes Family Office LLC bought a new stake in Natural Resource Partners in the first quarter valued at $518,000. Meixler Investment Management Ltd. grew its position in Natural Resource Partners by 11.7% in the first quarter. Meixler Investment Management Ltd. now owns 31,480 shares of the energy company’s stock valued at $2,896,000 after acquiring an additional 3,298 shares during the period. Finally, MAS Advisors LLC grew its holdings in shares of Natural Resource Partners by 73.8% during the first quarter. MAS Advisors LLC now owns 5,682 shares of the energy company’s stock worth $523,000 after purchasing an additional 2,413 shares during the last quarter. 31.77% of the stock is currently owned by institutional investors.

Natural Resource Partners Price Performance

Shares of NRP stock opened at $97.49 on Friday. The stock’s fifty day moving average is $92.58 and its 200-day moving average is $91.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.43 and a current ratio of 2.43. The stock has a market capitalization of $1.26 billion, a PE ratio of 7.20 and a beta of 0.49. Natural Resource Partners L.P. has a 52 week low of $65.00 and a 52 week high of $102.00.

Natural Resource Partners (NYSE:NRP) last announced its earnings results on Wednesday, August 7th. The energy company reported $2.29 EPS for the quarter. The company had revenue of $65.54 million for the quarter. Natural Resource Partners had a return on equity of 44.97% and a net margin of 70.55%.

Natural Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Tuesday, August 20th. Natural Resource Partners’s dividend payout ratio (DPR) is presently 22.16%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 17th.

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.