Bank of America Corp DE Buys 18,754 Shares of Natural Resource Partners L.P. (NYSE:NRP)

Bank of America Corp DE grew its holdings in shares of Natural Resource Partners L.P. (NYSE:NRP - Free Report) by 48.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,085 shares of the energy company's stock after buying an additional 18,754 shares during the quarter. Bank of America Corp DE owned 0.44% of Natural Resource Partners worth $6,336,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Jane Street Group LLC grew its stake 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 valued at $634,000 after buying an additional 2,707 shares during the last quarter. Meixler Investment Management Ltd. grew its stake in shares of Natural Resource Partners by 11.5% during the fourth quarter. Meixler Investment Management Ltd. now owns 45,591 shares of the energy company's stock valued at $5,061,000 after buying an additional 4,706 shares during the last quarter. Mountain Lake Investment Management LLC bought a new position in shares of Natural Resource Partners during the fourth quarter valued at approximately $1,222,000. DHK Financial Advisors Inc. bought a new position in Natural Resource Partners in the fourth quarter worth approximately $438,000. Finally, ING Groep NV grew its stake in Natural Resource Partners by 43.8% in the fourth quarter. ING Groep NV now owns 93,910 shares of the energy company's stock worth $10,424,000 after purchasing an additional 28,600 shares in the last quarter. Institutional investors own 31.77% of the company's stock.

Natural Resource Partners Trading Up 0.4%

NYSE:NRP traded up $0.40 during midday trading on Friday, hitting $97.22. The stock had a trading volume of 36,955 shares, compared to its average volume of 27,361. Natural Resource Partners L.P. has a one year low of $81.74 and a one year high of $113.04. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 7.82 and a beta of 0.34. The stock has a 50-day moving average of $98.65 and a 200 day moving average of $103.16. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.35.

Natural Resource Partners (NYSE:NRP - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The energy company reported $2.97 earnings per share (EPS) for the quarter. Natural Resource Partners had a return on equity of 39.69% and a net margin of 68.22%. The company had revenue of $60.54 million for the quarter.

Natural Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 20th were paid a $0.75 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $3.00 annualized dividend and a yield of 3.09%. Natural Resource Partners's dividend payout ratio (DPR) is currently 28.82%.

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.