Mountain Lake Investment Management LLC Increases Stake in Natural Resource Partners LP $NRP

Key Points

• Mountain Lake Investment Management LLC increased its holdings in Natural Resource Partners LP by 100% during the first quarter, acquiring an additional 11,051 shares, bringing its total ownership to 22,101 shares.
• Natural Resource Partners recently reported earnings of $2.52 per share, with a net margin of 65.19% and revenues of $50.10 million for the quarter.
• The company announced a quarterly dividend of $0.75 per share, reflecting an annualized yield of 2.9%, with a dividend payout ratio of 28.20%.

Mountain Lake Investment Management LLC lifted its stake in shares of Natural Resource Partners LP (NYSE:NRP - Free Report) by 100.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,101 shares of the energy company's stock after purchasing an additional 11,051 shares during the period. Natural Resource Partners accounts for 2.2% of Mountain Lake Investment Management LLC's investment portfolio, making the stock its 13th biggest holding. Mountain Lake Investment Management LLC owned approximately 0.17% of Natural Resource Partners worth $2,296,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of NRP. Eschler Asset Management LLP purchased a new position in Natural Resource Partners in the 1st quarter valued at approximately $831,000. Royal Bank of Canada grew its stake in 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 valued at $956,000 after buying an additional 1,761 shares in the last quarter. Energy Income Partners LLC grew its stake in 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 valued at $3,409,000 after buying an additional 1,392 shares in the last quarter. State of Wyoming grew its stake in Natural Resource Partners by 23.8% in 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 in the last quarter. Finally, Covestor Ltd grew its stake in Natural Resource Partners by 21.6% in the 1st quarter. Covestor Ltd now owns 940 shares of the energy company's stock valued at $98,000 after buying an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 31.77% of the company's stock.

Insider Activity

In other Natural Resource Partners news, VP Gregory F. Wooten sold 8,607 shares of the business's 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 transaction, the vice president owned 28,656 shares in the company, valued at approximately $2,872,477.44. The trade was a 23.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 35.30% of the company's stock.

Natural Resource Partners Price Performance

NYSE:NRP traded down $0.87 during trading hours on Thursday, hitting $102.05. The stock had a trading volume of 3,559 shares, compared to its average volume of 23,364. Natural Resource Partners LP has a one year low of $85.29 and a one year high of $113.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.59 and a beta of 0.29. The company has a 50 day simple moving average of $101.80 and a two-hundred day simple moving average of $100.08.

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

Natural Resource Partners Dividend Announcement

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

Analyst Ratings Changes

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

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.