Eschler Asset Management LLP Invests $831,000 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 stake in Natural Resource Partners LP (NYSE:NRP - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,000 shares of the energy company's stock, valued at approximately $831,000. Natural Resource Partners accounts for 2.1% of Eschler Asset Management LLP's investment portfolio, making the stock its 17th largest holding. Eschler Asset Management LLP owned about 0.06% of Natural Resource Partners at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Covestor Ltd increased its position in shares of Natural Resource Partners by 21.6% during the first quarter. Covestor Ltd now owns 940 shares of the energy company's stock worth $98,000 after purchasing an additional 167 shares in the last quarter. Formidable Asset Management LLC purchased a new position in shares of Natural Resource Partners in the fourth quarter valued at $222,000. 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 buying an additional 507 shares during the last quarter. DHK Financial Advisors Inc. lifted its stake in shares of Natural Resource Partners by 11.7% during the 1st quarter. DHK Financial Advisors Inc. now owns 4,404 shares of the energy company's stock worth $458,000 after purchasing an additional 462 shares during the period. Finally, Inscription Capital LLC purchased a new position in shares of Natural Resource Partners in the 1st quarter worth $520,000. 31.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Natural Resource Partners Price Performance

NRP traded up $0.51 during midday trading on Tuesday, reaching $101.77. 3,781 shares of the company's stock were exchanged, compared to its average volume of 23,558. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.49 and a beta of 0.29. 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 LP has a one year low of $81.74 and a one year high of $113.04. The business has a 50-day simple moving average of $101.63 and a two-hundred day simple moving average of $100.05.

Natural Resource Partners (NYSE:NRP - Get Free Report) last issued 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 business had revenue of $50.10 million during the quarter.

Natural Resource Partners Dividend Announcement

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

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.