Disciplined Investments LLC acquired a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 38,794 shares of the energy company’s stock, valued at approximately $717,000.
A number of other institutional investors have also recently bought and sold shares of the business. Raymond James & Associates raised its holdings in shares of Alliance Resource Partners by 20.2% in the 1st quarter. Raymond James & Associates now owns 96,225 shares of the energy company’s stock valued at $1,485,000 after acquiring an additional 16,170 shares in the last quarter. HighTower Advisors LLC grew its position in Alliance Resource Partners by 12.2% during the 1st quarter. HighTower Advisors LLC now owns 14,110 shares of the energy company’s stock worth $218,000 after acquiring an additional 1,535 shares during the last quarter. Sei Investments Co. grew its position in Alliance Resource Partners by 23.4% during the 1st quarter. Sei Investments Co. now owns 177,438 shares of the energy company’s stock worth $2,738,000 after acquiring an additional 33,635 shares during the last quarter. Mariner LLC increased its stake in shares of Alliance Resource Partners by 4.6% during the first quarter. Mariner LLC now owns 22,149 shares of the energy company’s stock valued at $342,000 after buying an additional 977 shares during the period. Finally, ING Groep NV increased its stake in shares of Alliance Resource Partners by 210.1% during the first quarter. ING Groep NV now owns 307,000 shares of the energy company’s stock valued at $4,737,000 after buying an additional 208,000 shares during the period. Institutional investors own 19.58% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on ARLP shares. StockNews.com started coverage on Alliance Resource Partners in a research note on Saturday, August 19th. They issued a “strong-buy” rating on the stock. Benchmark reaffirmed a “buy” rating and issued a $28.00 price target on shares of Alliance Resource Partners in a research note on Tuesday, August 1st.
Alliance Resource Partners Trading Up 0.9 %
ARLP traded up $0.18 during trading on Friday, hitting $20.76. 483,938 shares of the stock were exchanged, compared to its average volume of 483,329. Alliance Resource Partners, L.P. has a 1 year low of $17.05 and a 1 year high of $25.47. The firm has a 50 day simple moving average of $19.65 and a 200 day simple moving average of $19.42. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 3.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.16 and a current ratio of 2.68.
Alliance Resource Partners (NASDAQ:ARLP – Get Free Report) last issued its quarterly earnings results on Monday, July 31st. The energy company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The company had revenue of $641.84 million during the quarter, compared to analysts’ expectations of $662.11 million. Alliance Resource Partners had a return on equity of 44.74% and a net margin of 28.04%. During the same quarter in the previous year, the firm posted $1.23 EPS. As a group, equities analysts expect that Alliance Resource Partners, L.P. will post 5.5 EPS for the current year.
Alliance Resource Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, August 4th. This represents a $2.80 annualized dividend and a yield of 13.49%. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 49.73%.
Alliance Resource Partners Company 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.
- Five stocks we like better than Alliance Resource Partners
- 10 Best Airline Stocks to Buy
- 5 Reasons Apple’s New Phone Moves the Needle: 5 That It Won’t
- What is MarketRank™? How to Use it
- MarketBeat Week in Review – 9/11 – 9/15
- Most Volatile Stocks, What Investors Need to Know
- China’s Jump In Car Sales Is Drawing Big Money To These Stocks
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.