International Assets Investment Management LLC Acquires New Stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

International Assets Investment Management LLC acquired a new stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 25,416 shares of the energy company’s stock, valued at approximately $5,380,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Chiron Investment Management LLC purchased a new position in shares of Alliance Resource Partners in the 3rd quarter worth about $128,000. Gamco Investors INC. ET AL bought a new position in shares of Alliance Resource Partners in the third quarter worth approximately $248,000. Autumn Glory Partners LLC purchased a new stake in shares of Alliance Resource Partners during the third quarter valued at approximately $270,000. Donoghue Forlines LLC bought a new stake in shares of Alliance Resource Partners during the third quarter valued at approximately $341,000. Finally, BCS Wealth Management purchased a new position in Alliance Resource Partners in the 4th quarter worth approximately $336,000. 18.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Alliance Resource Partners in a report on Tuesday, April 30th. StockNews.com raised Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 30th.

Alliance Resource Partners Price Performance

Shares of ARLP opened at $22.48 on Wednesday. The firm has a market cap of $2.88 billion, a PE ratio of 4.92 and a beta of 1.11. Alliance Resource Partners, L.P. has a 1-year low of $17.05 and a 1-year high of $24.30. The company has a current ratio of 2.27, a quick ratio of 1.71 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $20.59 and a two-hundred day simple moving average of $20.88.

Alliance Resource Partners (NASDAQ:ARLP) last announced its earnings results on Monday, April 29th. The energy company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.28. Alliance Resource Partners had a return on equity of 32.06% and a net margin of 23.36%. The business had revenue of $651.70 million for the quarter, compared to analysts’ expectations of $625.32 million. During the same period last year, the firm posted $1.45 earnings per share. On average, equities analysts anticipate that Alliance Resource Partners, L.P. will post 4.1 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.46%. The ex-dividend date of this dividend is Tuesday, May 7th. Alliance Resource Partners’s payout ratio is 61.27%.

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.