MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 284,228 shares of the energy company’s stock after acquiring an additional 13,316 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.22% of Alliance Resource Partners worth $7,472,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Alliance Resource Partners by 2.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,815,453 shares of the energy company’s stock valued at $47,728,000 after purchasing an additional 44,636 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Alliance Resource Partners during the fourth quarter worth $14,564,000. Castalian Partners LLC purchased a new stake in shares of Alliance Resource Partners during the fourth quarter worth $3,353,000. Miller Value Partners LLC grew its holdings in shares of Alliance Resource Partners by 8.5% in the fourth quarter. Miller Value Partners LLC now owns 127,000 shares of the energy company’s stock valued at $3,339,000 after purchasing an additional 10,000 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Alliance Resource Partners by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 120,294 shares of the energy company’s stock valued at $3,163,000 after purchasing an additional 1,200 shares during the period. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Alliance Resource Partners Trading Up 0.3%

NASDAQ:ARLP opened at $26.68 on Friday. The company has a market capitalization of $3.43 billion, a PE ratio of 9.67 and a beta of 0.52. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a 52-week low of $22.18 and a 52-week high of $30.56. The stock has a fifty day simple moving average of $26.37 and a 200-day simple moving average of $26.65.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, April 28th. The energy company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.03). The business had revenue of $540.47 million during the quarter, compared to analysts’ expectations of $556.31 million. Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. On average, equities research analysts expect that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.49%. The ex-dividend date of this dividend was Thursday, May 8th. Alliance Resource Partners’s payout ratio is currently 132.08%.

Insider Transactions at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 50,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $25.13, for a total value of $1,256,500.00. Following the completion of the sale, the senior vice president now owns 93,850 shares of the company’s stock, valued at $2,358,450.50. This trade represents a 34.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 16.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ARLP shares. Benchmark reaffirmed a “buy” rating and set a $29.00 target price on shares of Alliance Resource Partners in a research note on Tuesday, April 29th. StockNews.com raised shares of Alliance Resource Partners from a “hold” rating to a “buy” rating in a report on Sunday, May 4th.

Alliance Resource Partners Profile

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.