Arrow Investment Advisors LLC decreased its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,500 shares of the energy company’s stock after selling 2,363 shares during the period. Arrow Investment Advisors LLC’s holdings in Alliance Resource Partners were worth $308,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its position in Alliance Resource Partners by 5.0% during the third quarter. Commonwealth Equity Services LLC now owns 46,558 shares of the energy company’s stock valued at $745,000 after purchasing an additional 2,206 shares during the last quarter. Abacus Planning Group Inc. boosted its position in Alliance Resource Partners by 13.0% during the fourth quarter. Abacus Planning Group Inc. now owns 35,042 shares of the energy company’s stock valued at $379,000 after purchasing an additional 4,042 shares during the last quarter. Tiedemann Advisors LLC boosted its position in Alliance Resource Partners by 6.7% during the third quarter. Tiedemann Advisors LLC now owns 273,252 shares of the energy company’s stock valued at $4,375,000 after purchasing an additional 17,270 shares during the last quarter. Dividend Assets Capital LLC boosted its position in Alliance Resource Partners by 3.6% during the third quarter. Dividend Assets Capital LLC now owns 129,110 shares of the energy company’s stock valued at $2,067,000 after purchasing an additional 4,535 shares during the last quarter. Finally, Meritage Portfolio Management raised its holdings in Alliance Resource Partners by 31.4% during the fourth quarter. Meritage Portfolio Management now owns 209,030 shares of the energy company’s stock valued at $2,262,000 after buying an additional 49,946 shares in the last quarter. 21.78% of the stock is owned by hedge funds and other institutional investors.
NASDAQ ARLP opened at $8.04 on Friday. Alliance Resource Partners, L.P. has a fifty-two week low of $7.70 and a fifty-two week high of $20.78. The stock’s 50-day moving average is $10.20 and its two-hundred day moving average is $13.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.10 and a quick ratio of 0.73. The firm has a market cap of $1.03 billion, a P/E ratio of 2.63 and a beta of 0.86.
Alliance Resource Partners (NASDAQ:ARLP) last posted its earnings results on Monday, January 27th. The energy company reported $0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. Alliance Resource Partners had a return on equity of 19.78% and a net margin of 20.36%. The company had revenue of $453.30 million for the quarter, compared to analyst estimates of $463.00 million. During the same period last year, the company earned $0.63 earnings per share. The business’s revenue was down 14.8% compared to the same quarter last year. On average, equities analysts expect that Alliance Resource Partners, L.P. will post 0.69 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.60 annualized dividend and a yield of 19.90%. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 77.29%.
Several research firms have weighed in on ARLP. B. Riley set a $20.00 target price on Alliance Resource Partners and gave the company a “hold” rating in a report on Friday, October 25th. Benchmark began coverage on Alliance Resource Partners in a report on Tuesday, February 4th. They set a “buy” rating on the stock. BidaskClub lowered Alliance Resource Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 4th. Finally, Zacks Investment Research upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a report on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.75.
Alliance Resource Partners Profile
Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.
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