Matrix Private Capital Group LLC acquired a new stake in Natural Resource Partners L.P. (NYSE:NRP – Get Rating) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 5,630 shares of the energy company's stock, valued at approximately $241,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisor Group Holdings Inc. raised its holdings in shares of Natural Resource Partners by 25.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,462 shares of the energy company's stock valued at $49,000 after acquiring an additional 300 shares in the last quarter. Chilton Capital Management LLC bought a new position in Natural Resource Partners in the fourth quarter worth about $53,000. Level Four Advisory Services LLC bought a new position in Natural Resource Partners in the fourth quarter worth about $244,000. WealthShield Partners LLC bought a new position in Natural Resource Partners in the first quarter worth about $555,000. Finally, BNP Paribas Arbitrage SA bought a new position in Natural Resource Partners in the fourth quarter worth about $564,000. 38.12% of the stock is currently owned by institutional investors.
Get Natural Resource Partners alerts:Natural Resource Partners Stock Performance
Shares of Natural Resource Partners stock opened at $46.14 on Friday. The company has a market capitalization of $569.88 million, a PE ratio of 4.65 and a beta of 0.56. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.69 and a current ratio of 1.69. The company has a 50-day simple moving average of $42.24 and a two-hundred day simple moving average of $43.09. Natural Resource Partners L.P. has a one year low of $19.90 and a one year high of $50.81.
Natural Resource Partners Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 23rd. Shareholders of record on Tuesday, August 16th were issued a $0.75 dividend. The ex-dividend date was Monday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 6.50%. Natural Resource Partners's dividend payout ratio is presently 30.24%.About Natural Resource Partners
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Natural Resource Partners L.P., through its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates through 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 Appalachia, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties are located in the United States; oil and gas properties located in Louisiana; timber assets located in West Virginia; and trona ore mining operation and soda ash refinery are located in the Green River Basin, Wyoming.
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