ING Groep NV raised its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP – Free Report) by 76.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 668,000 shares of the energy company’s stock after buying an additional 289,900 shares during the quarter. ING Groep NV’s holdings in Alliance Resource Partners were worth $15,518,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in ARLP. BCS Wealth Management boosted its holdings in shares of Alliance Resource Partners by 102.8% in the 4th quarter. BCS Wealth Management now owns 52,220 shares of the energy company’s stock worth $1,213,000 after purchasing an additional 26,473 shares during the period. Tweedy Browne Co LLC boosted its holdings in shares of Alliance Resource Partners by 105.4% in the 3rd quarter. Tweedy Browne Co LLC now owns 39,999 shares of the energy company’s stock worth $1,011,000 after purchasing an additional 20,522 shares during the period. Prescott Group Capital Management L.L.C. boosted its holdings in shares of Alliance Resource Partners by 39.3% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 297,070 shares of the energy company’s stock worth $6,901,000 after purchasing an additional 83,870 shares during the period. Pekin Hardy Strauss Inc. boosted its holdings in shares of Alliance Resource Partners by 15.1% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 64,105 shares of the energy company’s stock worth $1,489,000 after purchasing an additional 8,400 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its holdings in shares of Alliance Resource Partners by 12.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 16,604 shares of the energy company’s stock worth $386,000 after purchasing an additional 1,891 shares during the period. Hedge funds and other institutional investors own 18.11% of the company’s stock.
Alliance Resource Partners Price Performance
Shares of ARLP stock opened at $25.62 on Monday. Alliance Resource Partners, L.P. has a 52-week low of $22.20 and a 52-week high of $29.45. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.46. The firm has a market capitalization of $3.30 billion, a P/E ratio of 13.48 and a beta of 0.24. The stock has a 50 day moving average price of $25.93 and a 200 day moving average price of $25.32.
Alliance Resource Partners Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend was Friday, May 8th. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 126.32%.
Analyst Ratings Changes
ARLP has been the subject of a number of recent research reports. Zacks Research upgraded Alliance Resource Partners from a “strong sell” rating to a “hold” rating in a report on Friday, April 24th. Wall Street Zen cut Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Weiss Ratings cut Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 16th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.00.
View Our Latest Report on ARLP
Alliance Resource Partners Company Profile
Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.
The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.
Further Reading
- Five stocks we like better than Alliance Resource Partners
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Want to see what other hedge funds are holding ARLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliance Resource Partners, L.P. (NASDAQ:ARLP – Free Report).
Receive News & Ratings for Alliance Resource Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Resource Partners and related companies with MarketBeat.com's FREE daily email newsletter.
