New Century Advisors Exits Position in Natural Resource Partners LP (NRP)

Natural Resource Partners LP (NRP) : New Century Advisors has sold out all of its stake in Natural Resource Partners LP during the most recent quarter, according to the disclosure filed by the company on Jul 18, 2016 with the SEC. The investment management company has sold out 7,565 shares of Natural Resource Partners LP which is valued at $157,276.

Other Hedge Funds, Including , Creative Planning boosted its stake in NRP in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 1,079 shares of Natural Resource Partners LP which is valued at $20,220. Washington Trust Bank added NRP to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $1,719.

Natural Resource Partners LP opened for trading at $20.67 and hit $20.96 on the upside on Wednesday, eventually ending the session at $20.79, with a gain of 0.92% or 0.19 points. The heightened volatility saw the trading volume jump to 29,028 shares. Company has a market cap of $254 M.

On the company’s financial health, Natural Resource Partners LP reported $1.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.68 according to the earnings call on May 6, 2016. Analyst had a consensus of $1.20. The company had revenue of $102.80 million for the quarter, compared to analysts expectations of $100.74 million. The company’s revenue was down -6.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

Natural Resource Partners a limited partnership company. The Company is engaged principally in the business of owning managing and leasing 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 reserves are located in the three United States coal-producing regions: Appalachia the Illinois Basin and the Western United States as well as lignite reserves in the Gulf Coast region. The company leases its reserves to mine operators under long-term leases that grant the operators the right to mine and sell its reserves in exchange for royalty payments. It also owns and manages infrastructure assets that generate revenues primarily in the Illinois Basin.

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