Trade Report: The California Public Employees Retirement System sells partial stakes of Natural Resource Partners LP (NRP)

The California Public Employees Retirement System sells partial stakes of Natural Resource Partners LP (NRP)

California Public Employees Retirement System decreased its stake in Natural Resource Partners LP (NYSE:NRP) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,240 shares of the company’s stock after selling 1,100 shares during the period. California Public Employees Retirement System’s holdings in Natural Resource Partners were worth $463,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. UBS Group AG increased its stake in Natural Resource Partners by 180.8% in the first quarter. UBS Group AG now owns 126,978 shares of the company’s stock valued at $952,000 after buying an additional 81,757 shares in the last quarter. Arrow Investment Advisors LLC boosted its position in Natural Resource Partners by 44.1% in the second quarter. Arrow Investment Advisors LLC now owns 73,129 shares of the company’s stock worth $1,049,000 after buying an additional 22,376 shares during the last quarter. Capital Investment Advisors LLC boosted its position in Natural Resource Partners by 4.6% in the second quarter. Capital Investment Advisors LLC now owns 20,872 shares of the company’s stock worth $300,000 after buying an additional 917 shares during the last quarter. Finally, Wedbush Securities Inc. purchased a new position in Natural Resource Partners during the second quarter worth approximately $299,000.

Natural Resource Partners LP (NYSE:NRP) traded down 3.35% during mid-day trading on Friday, reaching $26.00. 76,923 shares of the company traded hands. Natural Resource Partners LP has a 52-week low of $5.00 and a 52-week high of $31.29. The company’s market capitalization is $318.03 million. The stock has a 50 day moving average price of $28.12 and a 200-day moving average price of $19.41.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings results on Thursday, August 4th. The company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $3.53. The company earned $70.15 million during the quarter, compared to analysts’ expectations of $88.10 million. Natural Resource Partners’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. Analysts expect that Natural Resource Partners LP will post $6.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Stockholders of record on Monday, November 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date of this dividend is Thursday, November 3rd.

Separately, Zacks Investment Research cut shares of Natural Resource Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th.

Natural Resource Partners Company Profile

Natural Resource Partners L.P. owns, operates, manages and leases a portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, crude oil and natural gas, construction aggregates, frac sand and other natural resources. The Company’s Coal, Hard Mineral Royalty and Other segment consists primarily of coal royalty, coal related transportation and processing assets, aggregate and industrial minerals royalty assets and timber.

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