Mountain Lake Investment Management LLC Invests $1.22 Million in Natural Resource Partners L.P. (NYSE:NRP)

Mountain Lake Investment Management LLC purchased a new position in shares of Natural Resource Partners L.P. (NYSE:NRP) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 11,050 shares of the energy company’s stock, valued at approximately $1,222,000. Natural Resource Partners accounts for about 1.4% of Mountain Lake Investment Management LLC’s holdings, making the stock its 16th biggest position.

Several other large investors also recently modified their holdings of NRP. Solidarity Wealth LLC grew its stake in Natural Resource Partners by 97.8% in the 4th quarter. Solidarity Wealth LLC now owns 92,186 shares of the energy company’s stock valued at $10,233,000 after buying an additional 45,571 shares in the last quarter. ING Groep NV grew its stake in Natural Resource Partners by 20.1% in the 3rd quarter. ING Groep NV now owns 65,310 shares of the energy company’s stock valued at $6,387,000 after buying an additional 10,910 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Natural Resource Partners in the 3rd quarter valued at approximately $5,433,000. Meixler Investment Management Ltd. grew its stake in Natural Resource Partners by 22.2% in the 3rd quarter. Meixler Investment Management Ltd. now owns 40,885 shares of the energy company’s stock valued at $3,999,000 after buying an additional 7,430 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC purchased a new position in Natural Resource Partners in the 3rd quarter valued at approximately $1,899,000. Hedge funds and other institutional investors own 31.77% of the company’s stock.

Natural Resource Partners Stock Down 0.1 %

Natural Resource Partners stock opened at $102.63 on Friday. Natural Resource Partners L.P. has a 1-year low of $81.74 and a 1-year high of $113.04. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 8.26 and a beta of 0.56. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.35. The firm has a 50 day simple moving average of $106.15 and a 200 day simple moving average of $99.85.

Natural Resource Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Tuesday, February 18th. Natural Resource Partners’s payout ratio is 24.14%.

Natural Resource Partners Company Profile

Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.