UBS Group AG Sells 18,716 Shares of Natural Resource Partners LP $NRP

UBS Group AG lowered its holdings in shares of Natural Resource Partners LP (NYSE:NRP) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,055 shares of the energy company’s stock after selling 18,716 shares during the quarter. UBS Group AG owned approximately 1.51% of Natural Resource Partners worth $20,468,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Solidarity Wealth LLC boosted its stake in Natural Resource Partners by 9.0% in the 4th quarter. Solidarity Wealth LLC now owns 214,776 shares of the energy company’s stock worth $22,423,000 after purchasing an additional 17,731 shares during the period. First Foundation Advisors raised its position in shares of Natural Resource Partners by 3.2% during the third quarter. First Foundation Advisors now owns 7,941 shares of the energy company’s stock valued at $834,000 after buying an additional 245 shares during the last quarter. Progeny 3 Inc. lifted its holdings in shares of Natural Resource Partners by 3.3% in the third quarter. Progeny 3 Inc. now owns 312,523 shares of the energy company’s stock worth $32,815,000 after buying an additional 9,973 shares in the last quarter. Mountain Lake Investment Management LLC lifted its holdings in shares of Natural Resource Partners by 21.5% in the third quarter. Mountain Lake Investment Management LLC now owns 45,622 shares of the energy company’s stock worth $4,790,000 after buying an additional 8,072 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Natural Resource Partners during the third quarter worth $334,000. Institutional investors own 31.77% of the company’s stock.

Natural Resource Partners Stock Down 1.2%

Shares of NRP opened at $110.12 on Tuesday. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 12.94 and a beta of 0.19. Natural Resource Partners LP has a 1 year low of $91.79 and a 1 year high of $128.60. The business’s 50 day simple moving average is $119.03 and its 200-day simple moving average is $113.14. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.09 and a quick ratio of 2.09.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Wednesday, May 6th. The energy company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $1.19. Natural Resource Partners had a net margin of 61.28% and a return on equity of 18.49%. The firm had revenue of $47.18 million during the quarter, compared to analyst estimates of $37.80 million.

Natural Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 19th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Natural Resource Partners’s dividend payout ratio (DPR) is presently 35.25%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NRP. Wall Street Zen downgraded shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings raised shares of Natural Resource Partners from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

About Natural Resource Partners

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.