Acadian Asset Management LLC Has $1.63 Million Stock Position in Natural Resource Partners LP $NRP

Key Points

• Acadian Asset Management LLC has reduced its stake in Natural Resource Partners LP by 20.6%, selling 4,073 shares and owning 0.12% of the company, valued at $1.63 million.
• The company recently announced a quarterly dividend of $0.75 per share, yielding 2.9% annually, with a payout ratio of 28.20%.
• Natural Resource Partners has been upgraded to a "buy" rating by Wall Street Zen, reflecting positive market sentiment towards the company's performance.

Acadian Asset Management LLC lowered its stake in Natural Resource Partners LP (NYSE:NRP - Free Report) by 20.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,664 shares of the energy company's stock after selling 4,073 shares during the quarter. Acadian Asset Management LLC owned 0.12% of Natural Resource Partners worth $1,626,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NRP. Mountain Lake Investment Management LLC increased its holdings in Natural Resource Partners by 100.0% in the 1st quarter. Mountain Lake Investment Management LLC now owns 22,101 shares of the energy company's stock valued at $2,296,000 after acquiring an additional 11,051 shares during the last quarter. Eschler Asset Management LLP bought a new stake in shares of Natural Resource Partners in the 1st quarter worth about $831,000. Royal Bank of Canada increased its holdings in shares of Natural Resource Partners by 23.7% in the 1st quarter. Royal Bank of Canada now owns 9,199 shares of the energy company's stock worth $956,000 after buying an additional 1,761 shares during the last quarter. Energy Income Partners LLC increased its holdings 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 buying an additional 1,392 shares during the last quarter. Finally, State of Wyoming grew its holdings in Natural Resource Partners by 23.8% during the 1st quarter. State of Wyoming now owns 2,638 shares of the energy company's stock valued at $274,000 after purchasing an additional 507 shares during the last quarter. Hedge funds and other institutional investors own 31.77% of the company's stock.

Natural Resource Partners Stock Up 0.3%

Shares of NYSE:NRP traded up $0.36 during trading on Friday, hitting $102.16. The company's stock had a trading volume of 21,875 shares, compared to its average volume of 13,843. The business has a 50 day moving average price of $102.40 and a two-hundred day moving average price of $100.20. The company has a market capitalization of $1.32 billion, a PE ratio of 9.60 and a beta of 0.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.20 and a current ratio of 2.20. Natural Resource Partners LP has a fifty-two week low of $86.83 and a fifty-two week high of $113.04.

Natural Resource Partners (NYSE:NRP - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The energy company reported $2.52 earnings per share for the quarter. Natural Resource Partners had a net margin of 65.19% and a return on equity of 27.76%. The firm had revenue of $50.10 million during the quarter.

Natural Resource Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 19th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, August 19th. Natural Resource Partners's payout ratio is presently 28.20%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Natural Resource Partners from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th.

Insider Transactions at Natural Resource Partners

In related news, VP Gregory F. Wooten sold 8,607 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $100.24, for a total value of $862,765.68. Following the sale, the vice president owned 28,656 shares of the company's stock, valued at $2,872,477.44. This trade represents a 23.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 35.30% of the stock is owned by corporate insiders.

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.