Natural Resource Partners L.P. (NYSE:NRP) Shares Sold by Covey Capital Advisors LLC

Covey Capital Advisors LLC trimmed its stake in shares of Natural Resource Partners L.P. (NYSE:NRP) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,890 shares of the energy company’s stock after selling 701 shares during the period. Natural Resource Partners comprises about 1.5% of Covey Capital Advisors LLC’s holdings, making the stock its 16th biggest position. Covey Capital Advisors LLC owned about 0.09% of Natural Resource Partners worth $1,320,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NRP. International Assets Investment Management LLC acquired a new stake in shares of Natural Resource Partners during the 3rd quarter valued at approximately $5,433,000. Solidarity Wealth LLC increased its stake in shares of Natural Resource Partners by 1,038.6% during the 3rd quarter. Solidarity Wealth LLC now owns 46,615 shares of the energy company’s stock worth $4,559,000 after purchasing an additional 42,521 shares in the last quarter. Covestor Ltd purchased a new position in shares of Natural Resource Partners during the 3rd quarter worth approximately $60,000. Meixler Investment Management Ltd. increased its stake in shares of Natural Resource Partners by 22.2% during the 3rd quarter. Meixler Investment Management Ltd. now owns 40,885 shares of the energy company’s stock worth $3,999,000 after purchasing an additional 7,430 shares in the last quarter. Finally, ING Groep NV increased its stake in shares of Natural Resource Partners by 20.1% during the 3rd quarter. ING Groep NV now owns 65,310 shares of the energy company’s stock worth $6,387,000 after purchasing an additional 10,910 shares in the last quarter. 31.77% of the stock is currently owned by institutional investors and hedge funds.

Natural Resource Partners Stock Up 0.1 %

NRP stock opened at $100.23 on Friday. The stock has a market capitalization of $1.30 billion, a P/E ratio of 8.06 and a beta of 0.56. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.33 and a current ratio of 2.33. Natural Resource Partners L.P. has a one year low of $81.74 and a one year high of $113.04. The company has a 50 day moving average price of $105.67 and a two-hundred day moving average price of $100.08.

Natural Resource Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.00 annualized dividend and a yield of 2.99%. Natural Resource Partners’s payout ratio is currently 24.14%.

About Natural Resource Partners

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.