Natural Resource Partners LP (NYSE:NRP) Plans Special Dividend of $0.12

Natural Resource Partners LP (NYSE:NRP) announced a special dividend on Friday, February 27th. Investors of record on Tuesday, March 10th will be paid a dividend of 0.12 per share by the energy company on Tuesday, March 17th. The ex-dividend date of this dividend is Tuesday, March 10th.

Natural Resource Partners has increased its dividend payment by an average of 0.2%per year over the last three years.

Natural Resource Partners Stock Down 2.1%

Natural Resource Partners stock traded down $2.56 during trading on Friday, reaching $120.95. The stock had a trading volume of 184,658 shares, compared to its average volume of 37,024. Natural Resource Partners has a 52-week low of $86.83 and a 52-week high of $128.60. The business has a 50 day moving average price of $115.32 and a 200 day moving average price of $107.90. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.57 billion, a PE ratio of 11.08 and a beta of 0.22.

Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings data on Friday, February 27th. The energy company reported $2.27 EPS for the quarter. Natural Resource Partners had a net margin of 64.78% and a return on equity of 25.31%. The company had revenue of $46.71 million for the quarter.

Hedge Funds Weigh In On Natural Resource Partners

A number of institutional investors have recently modified their holdings of NRP. Meixler Investment Management Ltd. lifted its holdings in Natural Resource Partners by 15.5% in the third quarter. Meixler Investment Management Ltd. now owns 77,967 shares of the energy company’s stock valued at $8,187,000 after acquiring an additional 10,465 shares during the period. Corient Private Wealth LLC increased its holdings 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 purchasing an additional 616,478 shares in the last quarter. Solidarity Wealth LLC lifted its stake in shares of Natural Resource Partners by 5.7% in the third quarter. Solidarity Wealth LLC now owns 197,045 shares of the energy company’s stock valued at $20,690,000 after purchasing an additional 10,652 shares during the period. ING Groep NV lifted its stake in shares of Natural Resource Partners by 33.4% in the third quarter. ING Groep NV now owns 162,400 shares of the energy company’s stock valued at $17,052,000 after purchasing an additional 40,700 shares during the period. Finally, Castalian Partners LLC boosted its holdings in Natural Resource Partners by 13.9% during the second quarter. Castalian Partners LLC now owns 77,081 shares of the energy company’s stock worth $7,362,000 after buying an additional 9,400 shares in the last quarter. 31.77% of the stock is owned by institutional investors and hedge funds.

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.