Solidarity Wealth LLC Has $20.69 Million Stock Holdings in Natural Resource Partners LP $NRP

Solidarity Wealth LLC grew its position in shares of Natural Resource Partners LP (NYSE:NRP) by 5.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 197,045 shares of the energy company’s stock after acquiring an additional 10,652 shares during the period. Natural Resource Partners accounts for approximately 4.5% of Solidarity Wealth LLC’s holdings, making the stock its 7th largest holding. Solidarity Wealth LLC’s holdings in Natural Resource Partners were worth $20,690,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Avalon Capital Management purchased a new stake in Natural Resource Partners during the 3rd quarter valued at about $210,000. Guyasuta Investment Advisors Inc. bought a new position in Natural Resource Partners during the 3rd quarter valued at approximately $258,000. Exchange Traded Concepts LLC lifted its holdings in Natural Resource Partners by 65.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 11,779 shares of the energy company’s stock worth $1,237,000 after buying an additional 4,646 shares during the period. Corient Private Wealth LLC grew its position 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 worth $59,357,000 after buying an additional 616,478 shares during the last quarter. Finally, Rangeley Capital LLC purchased a new position in shares of Natural Resource Partners during the second quarter valued at approximately $1,156,000. Hedge funds and other institutional investors own 31.77% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Natural Resource Partners in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

Natural Resource Partners Stock Up 4.4%

Shares of NYSE:NRP opened at $109.53 on Friday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 10.03 and a beta of 0.20. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a 50 day moving average price of $104.22 and a 200-day moving average price of $103.03. Natural Resource Partners LP has a 52-week low of $86.83 and a 52-week high of $111.00.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results on Tuesday, November 4th. The energy company reported $2.28 earnings per share for the quarter. The company had revenue of $49.93 million for the quarter. Natural Resource Partners had a return on equity of 25.31% and a net margin of 64.78%.

Natural Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 18th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, November 18th. Natural Resource Partners’s dividend payout ratio (DPR) is presently 27.47%.

About Natural Resource Partners

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.