Eschler Asset Management LLP Makes New $831,000 Investment in Natural Resource Partners LP $NRP

Key Points

• Eschler Asset Management LLP has acquired a new position in Natural Resource Partners LP, purchasing 8,000 shares valued at approximately $831,000, which constitutes about 2.1% of their investment portfolio.
• Natural Resource Partners has recently experienced significant institutional investment growth, with firms like Jane Street Group increasing their stake by 90.1% and Bank of America Corp DE by 48.9% in the past quarter.
• The company reported earnings of $2.52 per share for the latest quarter, alongside a recently declared quarterly dividend of $0.75, resulting in an annual yield of 2.9%.

Eschler Asset Management LLP bought a new position in shares of Natural Resource Partners LP (NYSE:NRP - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,000 shares of the energy company's stock, valued at approximately $831,000. Natural Resource Partners comprises approximately 2.1% of Eschler Asset Management LLP's portfolio, making the stock its 17th biggest holding. Eschler Asset Management LLP owned 0.06% of Natural Resource Partners as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of NRP. Progeny 3 Inc. purchased a new stake in shares of Natural Resource Partners during the fourth quarter worth about $15,732,000. Solidarity Wealth LLC increased its position in shares of Natural Resource Partners by 79.0% during the first quarter. Solidarity Wealth LLC now owns 165,017 shares of the energy company's stock worth $17,145,000 after acquiring an additional 72,831 shares during the last quarter. Bank of America Corp DE increased its position in shares of Natural Resource Partners by 48.9% during the fourth quarter. Bank of America Corp DE now owns 57,085 shares of the energy company's stock worth $6,336,000 after acquiring an additional 18,754 shares during the last quarter. ING Groep NV increased its holdings in Natural Resource Partners by 16.0% in the first quarter. ING Groep NV now owns 108,910 shares of the energy company's stock valued at $11,316,000 after buying an additional 15,000 shares during the last quarter. Finally, Inscription Capital LLC bought a new stake in Natural Resource Partners in the first quarter valued at about $520,000. 31.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Natural Resource Partners Stock Performance

Shares of NYSE:NRP traded down $1.51 during trading on Monday, hitting $100.94. 33,143 shares of the company traded hands, compared to its average volume of 23,678. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 9.49 and a beta of 0.29. The business's fifty day moving average is $101.52 and its 200-day moving average is $100.04. Natural Resource Partners LP has a one year low of $81.74 and a one year high of $113.04. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.15.

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

Natural Resource Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 19th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, August 19th. Natural Resource Partners's dividend payout ratio is 28.20%.

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.