Goldentree Asset Management LP Sells 4,620 Shares of Natural Resource Partners L.P. (NYSE:NRP)

Goldentree Asset Management LP cut its holdings in Natural Resource Partners L.P. (NYSE:NRP) by 3.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,173 shares of the energy company’s stock after selling 4,620 shares during the period. Natural Resource Partners accounts for approximately 0.9% of Goldentree Asset Management LP’s portfolio, making the stock its 27th biggest holding. Goldentree Asset Management LP owned 0.93% of Natural Resource Partners worth $11,851,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new position in Natural Resource Partners in the 2nd quarter worth approximately $34,000. Covestor Ltd bought a new position in Natural Resource Partners during the third quarter worth $60,000. PEAK6 Investments LLC acquired a new position in Natural Resource Partners during the 1st quarter valued at $207,000. Landscape Capital Management L.L.C. bought a new stake in Natural Resource Partners in the 3rd quarter valued at $324,000. Finally, Stokes Family Office LLC grew its position in Natural Resource Partners by 17.8% in the 2nd quarter. Stokes Family Office LLC now owns 6,625 shares of the energy company’s stock worth $594,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 31.77% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 17th.

Natural Resource Partners Price Performance

Shares of NYSE:NRP opened at $109.50 on Friday. The firm has a market capitalization of $1.42 billion, a PE ratio of 8.81 and a beta of 0.50. 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 $74.93 and a 1-year high of $113.04. The business’s 50 day moving average is $100.62 and its 200-day moving average is $94.04.

Natural Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 19th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.74%. The ex-dividend date was Tuesday, November 19th. Natural Resource Partners’s dividend payout ratio (DPR) is presently 24.14%.

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.