Natural Resource Partners LP $NRP is Meixler Investment Management Ltd.’s 5th Largest Position

Meixler Investment Management Ltd. increased its stake in Natural Resource Partners LP (NYSE:NRP) by 15.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 77,967 shares of the energy company’s stock after buying an additional 10,465 shares during the period. Natural Resource Partners comprises 5.0% of Meixler Investment Management Ltd.’s holdings, making the stock its 5th largest position. Meixler Investment Management Ltd.’s holdings in Natural Resource Partners were worth $8,187,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Corient Private Wealth LLC boosted 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 worth $59,357,000 after buying an additional 616,478 shares during the last quarter. Solidarity Wealth LLC lifted its holdings in Natural Resource Partners by 13.0% in the second quarter. Solidarity Wealth LLC now owns 186,393 shares of the energy company’s stock valued at $17,802,000 after acquiring an additional 21,376 shares during the period. Progeny 3 Inc. boosted its position in Natural Resource Partners by 4.3% in the second quarter. Progeny 3 Inc. now owns 302,550 shares of the energy company’s stock worth $28,897,000 after purchasing an additional 12,370 shares during the last quarter. Rangeley Capital LLC bought a new stake in shares of Natural Resource Partners during the 2nd quarter valued at about $1,156,000. Finally, Castalian Partners LLC increased its position in shares of Natural Resource Partners by 13.9% during the 2nd quarter. Castalian Partners LLC now owns 77,081 shares of the energy company’s stock valued at $7,362,000 after purchasing an additional 9,400 shares during the last quarter. 31.77% of the stock is currently owned by hedge funds and other institutional investors.

Natural Resource Partners Stock Up 0.9%

Shares of NRP stock opened at $119.83 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.14 and a quick ratio of 2.14. Natural Resource Partners LP has a one year low of $86.83 and a one year high of $123.40. The company’s fifty day moving average price is $109.23 and its 200-day moving average price is $105.74. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 10.97 and a beta of 0.22.

Natural Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $3.00 dividend on an annualized basis and a yield of 2.5%. Natural Resource Partners’s dividend payout ratio (DPR) is currently 27.47%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Natural Resource Partners in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

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.