Fairholme Capital Management LLC Invests $1.25 Million in Natural Resource Partners LP $NRP

Fairholme Capital Management LLC bought a new position in shares of Natural Resource Partners LP (NYSE:NRP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,000 shares of the energy company’s stock, valued at approximately $1,253,000. Natural Resource Partners comprises approximately 0.1% of Fairholme Capital Management LLC’s holdings, making the stock its 11th biggest holding.

A number of other hedge funds also recently modified their holdings of NRP. Corient Private Wealth LLC lifted its stake in shares of Natural Resource Partners by 12,329.6% during 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. Saber Capital Managment LLC acquired a new stake in shares of Natural Resource Partners during the 4th quarter worth about $21,766,000. Morgan Stanley lifted its stake in shares of Natural Resource Partners by 14.3% during the 4th quarter. Morgan Stanley now owns 1,006,232 shares of the energy company’s stock worth $105,051,000 after buying an additional 125,530 shares during the last quarter. Nitor Capital Management LLC bought a new position in Natural Resource Partners during the fourth quarter worth about $6,703,000. Finally, Goldman Sachs Group Inc. increased its position in Natural Resource Partners by 9.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 748,185 shares of the energy company’s stock worth $78,111,000 after acquiring an additional 63,350 shares during the period. Institutional investors and hedge funds own 31.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen lowered shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings lowered shares of Natural Resource Partners from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Natural Resource Partners presently has a consensus rating of “Hold”.

Natural Resource Partners Price Performance

NYSE:NRP opened at $100.52 on Thursday. Natural Resource Partners LP has a 52 week low of $92.10 and a 52 week high of $128.60. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 11.81 and a beta of 0.14. The firm’s 50-day simple moving average is $110.19 and its 200 day simple moving average is $113.29. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.09 and a current ratio of 2.09.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $1.19. Natural Resource Partners had a net margin of 61.28% and a return on equity of 18.49%. The business had revenue of $47.18 million for the quarter, compared to analyst estimates of $37.80 million.

Natural Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, May 19th. Natural Resource Partners’s dividend payout ratio is presently 35.25%.

Insider Transactions at Natural Resource Partners

In other news, EVP Kevin J. Craig acquired 336 shares of Natural Resource Partners stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $102.18 per share, for a total transaction of $34,332.48. Following the completion of the purchase, the executive vice president directly owned 47,019 shares of the company’s stock, valued at approximately $4,804,401.42. This represents a 0.72% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 35.30% of the stock is owned by insiders.

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.