Natural Resource Partners LP (NRP) : Maple Rock Capital Partners scooped up 2,500 additional shares in Natural Resource Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 163,500 shares of Natural Resource Partners LP which is valued at $3,260,190.Natural Resource Partners LP makes up approximately 1.61% of Maple Rock Capital Partners’s portfolio.
Other Hedge Funds, Including , D.a. Davidson reduced its stake in NRP by selling 88 shares or 7.85% in the most recent quarter. The Hedge Fund company now holds 1,033 shares of NRP which is valued at $20,598.Chicago Partners Investment Group boosted its stake in NRP in the latest quarter, The investment management firm added 137 additional shares and now holds a total of 3,890 shares of Natural Resource Partners LP which is valued at $79,434. Natural Resource Partners LP makes up approx 0.04% of Chicago Partners Investment Group’s portfolio.Sanders Morris Harris reduced its stake in NRP by selling 32,828 shares or 31.82% in the most recent quarter. The Hedge Fund company now holds 70,342 shares of NRP which is valued at $1,665,699. Natural Resource Partners LP makes up approx 0.42% of Sanders Morris Harris’s portfolio. Kanaly Trust Co added NRP to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $2,121.
Natural Resource Partners LP opened for trading at $19.62 and hit $22.42 on the upside on Wednesday, eventually ending the session at $22.14, with a gain of 13.89% or 2.7 points. The heightened volatility saw the trading volume jump to 347,351 shares. Company has a market cap of $271 M.
On the company’s financial health, Natural Resource Partners LP reported $3.72 EPS for the quarter, beating the analyst consensus estimate by $ 2.68 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.04. The company had revenue of $118.24 million for the quarter, compared to analysts expectations of $85.15 million. The company’s revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.
Natural Resource Partners L.P.is 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 companys 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.