Saber Capital Managment LLC Takes $21.77 Million Position in Natural Resource Partners LP $NRP

Saber Capital Managment LLC bought a new stake in Natural Resource Partners LP (NYSE:NRP) during the fourth quarter, HoldingsChannel.com reports. The fund bought 208,483 shares of the energy company’s stock, valued at approximately $21,766,000. Natural Resource Partners comprises 18.2% of Saber Capital Managment LLC’s investment portfolio, making the stock its biggest holding.

A number of other hedge funds have also made changes to their positions in NRP. Corient Private Wealth LLC raised its stake in shares of Natural Resource Partners by 12,329.6% in the 2nd quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock valued at $59,357,000 after acquiring an additional 616,478 shares during the period. Morgan Stanley raised its stake in shares of Natural Resource Partners by 14.3% in the 4th quarter. Morgan Stanley now owns 1,006,232 shares of the energy company’s stock valued at $105,051,000 after acquiring an additional 125,530 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Natural Resource Partners by 9.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 748,185 shares of the energy company’s stock valued at $78,111,000 after acquiring an additional 63,350 shares during the period. Annandale Capital LLC purchased a new position in shares of Natural Resource Partners in the 3rd quarter valued at $2,740,000. Finally, Solidarity Wealth LLC increased its stake in Natural Resource Partners by 9.0% during the 4th quarter. Solidarity Wealth LLC now owns 214,776 shares of the energy company’s stock worth $22,423,000 after buying an additional 17,731 shares during the period. Hedge funds and other institutional investors own 31.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Natural Resource Partners from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Wall Street Zen downgraded shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Natural Resource Partners currently has a consensus rating of “Hold”.

Natural Resource Partners Stock Performance

Natural Resource Partners stock opened at $103.76 on Monday. Natural Resource Partners LP has a 12-month low of $92.10 and a 12-month high of $128.60. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 12.19 and a beta of 0.14. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.09 and a quick ratio of 2.09. The firm’s fifty day moving average price is $111.46 and its 200 day moving average price is $113.37.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $37.80 million.

Natural Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, May 19th. Natural Resource Partners’s dividend payout ratio (DPR) is currently 35.25%.

Insiders Place Their Bets

In related news, EVP Kevin J. Craig acquired 336 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average cost of $102.18 per share, with a total value of $34,332.48. Following the acquisition, the executive vice president directly owned 47,019 shares in the company, valued at approximately $4,804,401.42. The trade was a 0.72% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 35.30% of the stock is currently owned by corporate insiders.

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.