Goldentree Asset Management LP Has $4.81 Million Stock Holdings in Natural Resource Partners LP $NRP

Goldentree Asset Management LP lowered its position in Natural Resource Partners LP (NYSE:NRP) by 28.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,811 shares of the energy company’s stock after selling 18,031 shares during the quarter. Natural Resource Partners accounts for approximately 0.4% of Goldentree Asset Management LP’s investment portfolio, making the stock its 23rd largest position. Goldentree Asset Management LP owned approximately 0.35% of Natural Resource Partners worth $4,810,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in Natural Resource Partners by 23.7% during the 1st quarter. Royal Bank of Canada now owns 9,199 shares of the energy company’s stock worth $956,000 after buying an additional 1,761 shares during the period. Horizon Kinetics Asset Management LLC increased its position in Natural Resource Partners by 6.1% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 19,123 shares of the energy company’s stock valued at $1,826,000 after acquiring an additional 1,098 shares during the period. Castalian Partners LLC raised its stake in shares of Natural Resource Partners by 13.9% during the second quarter. Castalian Partners LLC now owns 77,081 shares of the energy company’s stock valued at $7,362,000 after acquiring an additional 9,400 shares during the last quarter. Solidarity Wealth LLC raised its stake in shares of Natural Resource Partners by 13.0% during the second quarter. Solidarity Wealth LLC now owns 186,393 shares of the energy company’s stock valued at $17,802,000 after acquiring an additional 21,376 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in shares of Natural Resource Partners by 8.1% during the second quarter. Jump Financial LLC now owns 2,444 shares of the energy company’s stock worth $233,000 after purchasing an additional 184 shares during the period. Institutional investors own 31.77% of the company’s stock.

Natural Resource Partners Stock Down 0.6%

Shares of Natural Resource Partners stock opened at $117.56 on Thursday. The stock’s 50-day moving average is $119.29 and its 200 day moving average is $109.39. Natural Resource Partners LP has a one year low of $86.83 and a one year high of $128.60. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 11.71 and a beta of 0.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.85.

Natural Resource Partners (NYSE:NRP) last issued its earnings results on Friday, February 27th. The energy company reported $2.27 earnings per share for the quarter. Natural Resource Partners had a return on equity of 22.52% and a net margin of 65.16%.The business had revenue of $48.40 million during the quarter.

Natural Resource Partners Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 10th were paid a $0.12 dividend. The ex-dividend date was Tuesday, March 10th. Natural Resource Partners’s payout ratio is currently 29.88%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NRP. Wall Street Zen cut shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Natural Resource Partners in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Natural Resource Partners presently has an average rating of “Buy”.

Natural Resource Partners Profile

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.