Horizon Kinetics Asset Management LLC Purchases Shares of 19,422 Natural Resource Partners L.P. (NYSE:NRP)

Horizon Kinetics Asset Management LLC purchased a new position in shares of Natural Resource Partners L.P. (NYSE:NRP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,422 shares of the energy company’s stock, valued at approximately $1,899,000.

A number of other large investors also recently modified their holdings of the company. Meixler Investment Management Ltd. increased its position in 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. Eubel Brady & Suttman Asset Management Inc. increased its position in shares of 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 worth $10,497,000 after acquiring an additional 106,785 shares in the last quarter. Pekin Hardy Strauss Inc. purchased a new position in shares of Natural Resource Partners in the 2nd quarter valued at $1,496,000. International Assets Investment Management LLC acquired a new position in shares of Natural Resource Partners during the 3rd quarter valued at $5,433,000. Finally, Solidarity Wealth LLC boosted its position in 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 during the period. 31.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Natural Resource Partners Stock Performance

Natural Resource Partners stock opened at $107.40 on Tuesday. The firm has a market capitalization of $1.39 billion, a PE ratio of 8.64 and a beta of 0.50. Natural Resource Partners L.P. has a one year low of $74.93 and a one year high of $113.04. The stock’s 50 day moving average price is $99.64 and its 200 day moving average price is $93.68. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.79%. 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.