Natural Resource Partners LP (NYSE:NRP) investors should be aware of a decrease in support from the world’s most elite money managers of late.
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With all of this in mind, we’re going to take a peek at the latest action encompassing Natural Resource Partners LP (NYSE:NRP).
How have hedgies been trading Natural Resource Partners LP (NYSE:NRP)?
At the end of the first quarter, a total of 4 of the hedge funds we track were long in this stock, a change of -20% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were upping their holdings considerably.
Of the funds we track, Royce & Associates, managed by Chuck Royce, holds the most valuable position in Natural Resource Partners LP (NYSE:NRP). Royce & Associates has a $13.5 million position in the stock, comprising less than 0.1%% of its 13F portfolio. On Royce & Associates’s heels is PEAK6 Capital Management, managed by Matthew Hulsizer, which held a $5 million call position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Other peers with similar optimism include Tom Gayner’s Markel Gayner Asset Management, Ken Griffin’s Citadel Investment Group and Ken Griffin’s Citadel Investment Group.
Judging by the fact that Natural Resource Partners LP (NYSE:NRP) has witnessed a declination in interest from the entirety of the hedge funds we track, it’s safe to say that there was a specific group of fund managers that elected to cut their full holdings last quarter. Intriguingly, Jim Simons’s Renaissance Technologies sold off the biggest stake of the 450+ funds we track, worth close to $6.3 million in stock., and Matthew Hulsizer of PEAK6 Capital Management was right behind this move, as the fund dropped about $0.6 million worth. These transactions are important to note, as aggregate hedge fund interest fell by 1 funds last quarter.
Insider trading activity in Natural Resource Partners LP (NYSE:NRP)
Insider purchases made by high-level executives is at its handiest when the primary stock in question has seen transactions within the past half-year. Over the latest 180-day time frame, Natural Resource Partners LP (NYSE:NRP) has seen 4 unique insiders purchasing, and zero insider sales (see the details of insider trades here).
Let’s also review hedge fund and insider activity in other stocks similar to Natural Resource Partners LP (NYSE:NRP). These stocks are Titanium Metals Corp (NYSE:TIE), PVR Partners LP (NYSE:PVR), Alliance Resource Partners, L.P. (NASDAQ:ARLP), Compass Minerals International, Inc. (NYSE:CMP), and Tahoe Resources Inc (NYSE:TAHO). This group of stocks belong to the industrial metals & minerals industry and their market caps are closest to NRP’s market cap.
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|Titanium Metals Corp (NYSE:TIE)||7||2||0|
|PVR Partners LP (NYSE:PVR)||4||4||3|
|Alliance Resource Partners, L.P. (NASDAQ:ARLP)||4||1||2|
|Compass Minerals International, Inc. (NYSE:CMP)||10||0||4|
|Tahoe Resources Inc (NYSE:TAHO)||6||0||0|
With the returns exhibited by the aforementioned strategies, everyday investors should always keep an eye on hedge fund and insider trading sentiment, and Natural Resource Partners LP (NYSE:NRP) applies perfectly to this mantra.