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 raised its position in Natural Resource Partners LP (NYSE:NRP - Free Report) by 16.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,910 shares of the energy company's stock after buying an additional 15,000 shares during the quarter. ING Groep NV owned 0.84% of Natural Resource Partners worth $11,316,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Progeny 3 Inc. acquired a new stake in shares of Natural Resource Partners during the 4th quarter worth $15,732,000. Solidarity Wealth LLC grew 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 purchasing an additional 72,831 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Natural Resource Partners by 48.9% during the 4th quarter. Bank of America Corp DE now owns 57,085 shares of the energy company's stock worth $6,336,000 after purchasing an additional 18,754 shares in the last quarter. Inscription Capital LLC acquired a new stake in shares of Natural Resource Partners during the 1st quarter worth $520,000. Finally, Jane Street Group LLC boosted its stake in Natural Resource Partners by 90.1% in the fourth quarter. Jane Street Group LLC now owns 5,710 shares of the energy company's stock valued at $634,000 after buying an additional 2,707 shares in the last quarter. 31.77% of the stock is owned by institutional investors and hedge funds.

Natural Resource Partners Price Performance

NYSE:NRP traded down $0.17 during trading hours on Friday, hitting $104.13. The company's stock had a trading volume of 13,068 shares, compared to its average volume of 25,475. The stock has a fifty day simple moving average of $98.48 and a 200-day simple moving average of $100.19. The company has a market capitalization of $1.35 billion, a P/E ratio of 9.79 and a beta of 0.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.45 and a quick ratio of 2.45. Natural Resource Partners LP has a twelve month low of $81.74 and a twelve month high of $113.04.

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

Natural Resource Partners Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.