Progeny 3 Inc. Purchases Shares of 141,731 Natural Resource Partners L.P. (NYSE:NRP)

Progeny 3 Inc. bought a new position in shares of Natural Resource Partners L.P. (NYSE:NRP - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 141,731 shares of the energy company's stock, valued at approximately $15,732,000. Natural Resource Partners makes up 1.2% of Progeny 3 Inc.'s holdings, making the stock its 24th biggest position. Progeny 3 Inc. owned 1.09% of Natural Resource Partners as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NRP. Solidarity Wealth LLC grew its stake in shares of Natural Resource Partners by 97.8% in the 4th quarter. Solidarity Wealth LLC now owns 92,186 shares of the energy company's stock valued at $10,233,000 after purchasing an additional 45,571 shares during the last quarter. DHK Financial Advisors Inc. purchased a new stake in shares of Natural Resource Partners in the fourth quarter valued at $438,000. Mountain Lake Investment Management LLC purchased a new position in shares of Natural Resource Partners in the 4th quarter worth about $1,222,000. Meixler Investment Management Ltd. increased its position in shares of Natural Resource Partners by 11.5% in the fourth quarter. Meixler Investment Management Ltd. now owns 45,591 shares of the energy company's stock worth $5,061,000 after acquiring an additional 4,706 shares in the last quarter. Finally, ING Groep NV lifted its holdings in shares of Natural Resource Partners by 43.8% during the 4th quarter. ING Groep NV now owns 93,910 shares of the energy company's stock valued at $10,424,000 after acquiring an additional 28,600 shares in the last quarter. Hedge funds and other institutional investors own 31.77% of the company's stock.

Natural Resource Partners Stock Up 1.0%

NYSE:NRP traded up $0.94 during mid-day trading on Tuesday, hitting $93.50. The company had a trading volume of 10,615 shares, compared to its average volume of 27,579. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.35. Natural Resource Partners L.P. has a 1 year low of $81.74 and a 1 year high of $113.04. The business has a fifty day simple moving average of $100.62 and a 200-day simple moving average of $103.64. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 7.52 and a beta of 0.34.

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

Natural Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.21%. Natural Resource Partners's dividend payout ratio is 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.