ING Groep NV Purchases 15,000 Shares of Natural Resource Partners LP (NYSE:NRP)

Key Points

• ING Groep NV increased its holdings in Natural Resource Partners LP by 16.0%, acquiring an additional 15,000 shares, reaching a total of 108,910 shares valued at approximately $11.3 million.
• Natural Resource Partners recently reported a quarterly EPS of $2.97 with a net margin of 66.17%, and the company declared a quarterly dividend of $0.75 per share.
• The firm has a market capitalization of $1.32 billion and operates in mineral rights, managing properties that include coal and industrial minerals across various basins in the United States.

ING Groep NV grew its stake in Natural Resource Partners LP (NYSE:NRP - Free Report) by 16.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,910 shares of the energy company's stock after purchasing an additional 15,000 shares during the period. ING Groep NV owned approximately 0.84% of Natural Resource Partners worth $11,316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Jane Street Group LLC boosted its position in shares of Natural Resource Partners by 90.1% during the fourth quarter. Jane Street Group LLC now owns 5,710 shares of the energy company's stock worth $634,000 after purchasing an additional 2,707 shares in the last quarter. Bank of America Corp DE increased its holdings in 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 buying an additional 18,754 shares during the last quarter. Inscription Capital LLC bought a new stake in Natural Resource Partners in the first quarter valued at approximately $520,000. Solidarity Wealth LLC boosted its holdings in shares of Natural Resource Partners by 79.0% during the 1st quarter. Solidarity Wealth LLC now owns 165,017 shares of the energy company's stock worth $17,145,000 after buying an additional 72,831 shares during the period. Finally, Progeny 3 Inc. bought a new stake in Natural Resource Partners in the 4th quarter valued at $15,732,000. Institutional investors own 31.77% of the company's stock.

Natural Resource Partners Trading Up 0.3%

NYSE:NRP traded up $0.27 during trading hours on Thursday, hitting $104.43. 13,421 shares of the company were exchanged, compared to its average volume of 25,084. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 9.81 and a beta of 0.35. Natural Resource Partners LP has a one year low of $81.74 and a one year high of $113.04. The company has a fifty day simple moving average of $98.34 and a 200 day simple moving average of $100.22. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.22.

Natural Resource Partners (NYSE:NRP - Get Free Report) last issued its earnings results on Wednesday, August 6th. The energy company reported $2.52 earnings per share for the quarter. The business had revenue of $50.10 million during the quarter. Natural Resource Partners had a return on equity of 28.35% and a net margin of 65.19%.

Natural Resource Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 19th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.9%. Natural Resource Partners's dividend payout ratio is currently 28.82%.

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.