California Public Employees Retirement System Sells 2,900 Shares of Natural Resource Partners LP (NRP)

California Public Employees Retirement System trimmed its stake in shares of Natural Resource Partners LP (NYSE:NRP) by 10.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,640 shares of the energy company’s stock after selling 2,900 shares during the quarter. California Public Employees Retirement System owned 0.20% of Natural Resource Partners worth $774,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in shares of Natural Resource Partners by 21.6% in the 2nd quarter. Bank of America Corp DE now owns 17,971 shares of the energy company’s stock worth $564,000 after acquiring an additional 3,193 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Natural Resource Partners by 77.9% in the 1st quarter. Royal Bank of Canada now owns 7,895 shares of the energy company’s stock worth $226,000 after acquiring an additional 3,458 shares in the last quarter. LPL Financial LLC acquired a new position in shares of Natural Resource Partners in the 1st quarter worth approximately $245,000. CAPROCK Group Inc. acquired a new position in shares of Natural Resource Partners in the 2nd quarter worth approximately $352,000. Finally, Kayne Anderson Capital Advisors LP acquired a new position in shares of Natural Resource Partners in the 2nd quarter worth approximately $511,000. 29.54% of the stock is currently owned by institutional investors.

NYSE:NRP opened at $33.65 on Friday. Natural Resource Partners LP has a 52-week low of $24.06 and a 52-week high of $37.70. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.03 and a current ratio of 1.10. The firm has a market cap of $416.61 million, a price-to-earnings ratio of 7.14 and a beta of 0.22.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings data on Friday, November 9th. The energy company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.10). Natural Resource Partners had a return on equity of 32.05% and a net margin of 30.69%. The firm had revenue of $95.02 million for the quarter, compared to analyst estimates of $97.10 million. On average, analysts expect that Natural Resource Partners LP will post 4.92 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.35%. The ex-dividend date is Tuesday, November 6th. Natural Resource Partners’s dividend payout ratio is 38.22%.

Several research analysts have recently commented on NRP shares. TheStreet raised Natural Resource Partners from a “c” rating to a “b-” rating in a report on Thursday, August 9th. Zacks Investment Research downgraded Natural Resource Partners from a “buy” rating to a “hold” rating in a report on Monday, October 15th.

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About Natural Resource Partners

Natural Resource Partners L.P., through its subsidiaries, owns, operates, manages, and leases mineral properties in the United States. The company operates through three segments: Coal Royalty and Other; Soda Ash; and Construction Aggregates. It owns interests in coal, trona and soda ash, construction aggregates, and other natural resources.

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Institutional Ownership by Quarter for Natural Resource Partners (NYSE:NRP)

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