Gabelli Funds LLC Has $767,000 Holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Gabelli Funds LLC reduced its position in Alliance Resource Partners, L.P. (NASDAQ:ARLPFree Report) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,200 shares of the energy company’s stock after selling 2,000 shares during the period. Gabelli Funds LLC’s holdings in Alliance Resource Partners were worth $767,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. FinTrust Capital Advisors LLC acquired a new position in shares of Alliance Resource Partners during the 4th quarter valued at about $42,000. Advisory Services Network LLC acquired a new position in shares of Alliance Resource Partners during the 4th quarter valued at about $182,000. NFC Investments LLC acquired a new position in shares of Alliance Resource Partners during the 4th quarter valued at about $1,123,000. ING Groep NV increased its holdings in shares of Alliance Resource Partners by 62.9% during the 4th quarter. ING Groep NV now owns 684,000 shares of the energy company’s stock valued at $14,487,000 after acquiring an additional 264,000 shares during the last quarter. Finally, Anthracite Investment Company Inc. acquired a new position in shares of Alliance Resource Partners during the 4th quarter valued at about $1,054,000. 18.11% of the stock is owned by institutional investors and hedge funds.

Alliance Resource Partners Price Performance

Shares of NASDAQ:ARLP opened at $24.82 on Tuesday. The business has a 50 day moving average price of $22.30 and a 200 day moving average price of $21.03. Alliance Resource Partners, L.P. has a twelve month low of $17.42 and a twelve month high of $25.53. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 5.43 and a beta of 1.12. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.18.

Alliance Resource Partners (NASDAQ:ARLPGet Free Report) last announced its earnings results on Monday, April 29th. The energy company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.28. Alliance Resource Partners had a return on equity of 31.68% and a net margin of 23.36%. The firm had revenue of $651.70 million during the quarter, compared to the consensus estimate of $625.32 million. During the same quarter in the prior year, the company earned $1.45 EPS. Research analysts predict that Alliance Resource Partners, L.P. will post 4.07 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th were given a $0.70 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 11.28%. Alliance Resource Partners’s dividend payout ratio is currently 61.27%.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on Alliance Resource Partners

About Alliance Resource Partners

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Alliance Resource Partners (NASDAQ:ARLP)

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