Pekin Hardy Strauss Inc. Acquires 1,260 Shares of Natural Resource Partners L.P. (NYSE:NRP)

Pekin Hardy Strauss Inc. grew its holdings in Natural Resource Partners L.P. (NYSE:NRP) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,950 shares of the energy company’s stock after purchasing an additional 1,260 shares during the quarter. Pekin Hardy Strauss Inc. owned about 0.14% of Natural Resource Partners worth $1,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. PEAK6 Investments LLC bought a new position in shares of Natural Resource Partners during the 1st quarter worth approximately $207,000. L1 Capital International Pty Ltd bought a new position in Natural Resource Partners during the first quarter worth $13,890,000. Stokes Family Office LLC grew its holdings in Natural Resource Partners by 17.8% in the second 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 period. Meixler Investment Management Ltd. increased its stake in Natural Resource Partners by 6.3% in the second quarter. Meixler Investment Management Ltd. now owns 33,455 shares of the energy company’s stock valued at $2,999,000 after purchasing an additional 1,975 shares in the last quarter. Finally, Eubel Brady & Suttman Asset Management Inc. increased its stake in Natural Resource Partners by 1,035.2% in the second quarter. Eubel Brady & Suttman Asset Management Inc. now owns 117,100 shares of the energy company’s stock valued at $10,497,000 after purchasing an additional 106,785 shares in the last quarter. Institutional investors own 31.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 17th.

Natural Resource Partners Stock Performance

Shares of Natural Resource Partners stock opened at $105.98 on Friday. The company has a market cap of $1.37 billion, a PE ratio of 8.53 and a beta of 0.50. 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 L.P. has a 52 week low of $74.93 and a 52 week high of $113.04. The business has a 50 day moving average price of $99.30 and a 200-day moving average price of $93.54.

Natural Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 19th will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, November 19th. This represents a $3.00 dividend on an annualized basis and a yield of 2.83%. Natural Resource Partners’s dividend payout ratio (DPR) is currently 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.