Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP – Get Rating) by 55.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 42,602 shares of the energy company’s stock after buying an additional 15,228 shares during the period. Commonwealth Equity Services LLC’s holdings in Alliance Resource Partners were worth $865,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ARLP. Progeny 3 Inc. grew its position in shares of Alliance Resource Partners by 17.8% in the third quarter. Progeny 3 Inc. now owns 1,711,631 shares of the energy company’s stock valued at $39,196,000 after purchasing an additional 258,939 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Alliance Resource Partners by 8.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,053,154 shares of the energy company’s stock worth $16,250,000 after acquiring an additional 81,374 shares during the last quarter. First Republic Investment Management Inc. raised its holdings in shares of Alliance Resource Partners by 22.7% during the 3rd quarter. First Republic Investment Management Inc. now owns 880,761 shares of the energy company’s stock worth $20,169,000 after acquiring an additional 163,057 shares during the period. ING Groep NV boosted its position in shares of Alliance Resource Partners by 22.0% during the 3rd quarter. ING Groep NV now owns 765,000 shares of the energy company’s stock valued at $17,519,000 after acquiring an additional 138,000 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Alliance Resource Partners by 326.8% during the 1st quarter. Bank of America Corp DE now owns 490,066 shares of the energy company’s stock worth $7,562,000 after purchasing an additional 375,241 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $28.00 target price on shares of Alliance Resource Partners in a research note on Tuesday, January 31st. StockNews.com raised shares of Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 11th. Finally, Noble Financial started coverage on shares of Alliance Resource Partners in a research report on Wednesday, February 1st. They set a “buy” rating and a $32.00 target price on the stock.

Alliance Resource Partners Stock Up 0.1 %

Shares of Alliance Resource Partners stock opened at $19.18 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 1.96 and a debt-to-equity ratio of 0.25. Alliance Resource Partners, L.P. has a twelve month low of $16.43 and a twelve month high of $27.63. The company has a fifty day moving average price of $19.91 and a 200 day moving average price of $20.82. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 3.45 and a beta of 1.35.

Alliance Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 8th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 14.60%. The ex-dividend date of this dividend was Friday, May 5th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 50.36%.

Insider Buying and Selling

In other news, insider Joseph W. Craft III bought 100,000 shares of Alliance Resource Partners stock in a transaction on Thursday, March 16th. The stock was purchased at an average cost of $18.60 per share, with a total value of $1,860,000.00. Following the purchase, the insider now directly owns 18,582,657 shares of the company’s stock, valued at approximately $345,637,420.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 16.80% of the stock is owned by company insiders.

About Alliance Resource Partners

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Alliance Resource Partners LP is a natural resource company, which produces and markets coal to United States utilities and industrial users. It operates through the following segments: Illinois Basin, Appalachia, Minerals, and Other & Corporate. The Illinois Basin segment is comprised of Webster County coal’s Dotiki mining complex, Gibson mining complex, which includes the Gibson north mine and the Gibson south project, Hopkins County coal’s Elk Creek mining complex, White County coal’s Pattiki mining complex, Warrior’s mining complex, River View’s mining complex, the Sebree property and certain properties of Alliance Resource Properties and ARP Sebree LLC.