Goldentree Asset Management LP Sells 18,031 Shares of Natural Resource Partners LP $NRP

Goldentree Asset Management LP lowered its stake in shares of Natural Resource Partners LP (NYSE:NRP) by 28.2% during the 3rd quarter, Holdings Channel.com reports. 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 portfolio, making the stock its 23rd biggest position. Goldentree Asset Management LP’s holdings in Natural Resource Partners were worth $4,810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NRP. NewEdge Advisors LLC grew its stake in shares of Natural Resource Partners by 144.0% in the 2nd quarter. NewEdge Advisors LLC now owns 266 shares of the energy company’s stock valued at $25,000 after buying an additional 157 shares during the period. Raymond James Financial Inc. bought a new stake in Natural Resource Partners in the 2nd quarter valued at about $137,000. State of Wyoming raised its stake in Natural Resource Partners by 65.4% during the 3rd quarter. State of Wyoming now owns 1,871 shares of the energy company’s stock worth $196,000 after buying an additional 740 shares during the period. Avalon Capital Management acquired a new position in Natural Resource Partners during the 3rd quarter worth approximately $210,000. Finally, Jump Financial LLC boosted its holdings in Natural Resource Partners by 8.1% in the second quarter. Jump Financial LLC now owns 2,444 shares of the energy company’s stock worth $233,000 after acquiring an additional 184 shares in the last quarter. Institutional investors own 31.77% of the company’s stock.

Analysts Set New Price Targets

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

Natural Resource Partners Price Performance

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

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

Natural Resource Partners Announces Dividend

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

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.