DHK Financial Advisors Inc. Invests $438,000 in Natural Resource Partners L.P. (NYSE:NRP)

DHK Financial Advisors Inc. bought a new position in shares of Natural Resource Partners L.P. (NYSE:NRP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,942 shares of the energy company’s stock, valued at approximately $438,000.

Several other institutional investors have also added to or reduced their stakes in NRP. Solidarity Wealth LLC grew its stake in shares of Natural Resource Partners by 97.8% in the fourth quarter. Solidarity Wealth LLC now owns 92,186 shares of the energy company’s stock valued at $10,233,000 after acquiring an additional 45,571 shares in the last quarter. Jane Street Group LLC acquired a new position in Natural Resource Partners during the third quarter valued at approximately $294,000. Horizon Kinetics Asset Management LLC bought a new stake in shares of Natural Resource Partners during the 3rd quarter worth $1,899,000. Pekin Hardy Strauss Inc. increased its position in Natural Resource Partners by 7.5% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 17,950 shares of the energy company’s stock worth $1,756,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Natural Resource Partners during the 3rd quarter valued at $324,000. 31.77% of the stock is currently owned by institutional investors.

Natural Resource Partners Price Performance

Shares of NRP opened at $106.88 on Wednesday. The business has a 50-day simple moving average of $107.28 and a two-hundred day simple moving average of $98.81. Natural Resource Partners L.P. has a 12-month low of $81.74 and a 12-month high of $113.04. The stock has a market cap of $1.39 billion, a PE ratio of 8.60 and a beta of 0.57. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.35.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Tuesday, November 5th. The energy company reported $2.00 EPS for the quarter. Natural Resource Partners had a net margin of 68.22% and a return on equity of 39.69%. The business had revenue of $60.33 million for the quarter.

Natural Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 19th were issued a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $3.00 dividend on an annualized basis and a yield of 2.81%. Natural Resource Partners’s payout ratio is 24.14%.

About Natural Resource Partners

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.