International Assets Investment Management LLC Takes $5.38 Million Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

International Assets Investment Management LLC acquired a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the 4th quarter, Holdings Channel reports. The firm acquired 25,416 shares of the energy company’s stock, valued at approximately $5,380,000.

Several other large investors have also made changes to their positions in ARLP. Raymond James & Associates lifted its position in shares of Alliance Resource Partners by 20.2% in the first 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 lifted its position in shares of Alliance Resource Partners by 12.2% in the first quarter. HighTower Advisors LLC now owns 14,110 shares of the energy company’s stock valued at $218,000 after acquiring an additional 1,535 shares in the last quarter. Sei Investments Co. lifted its position in shares of Alliance Resource Partners by 23.4% in the first quarter. Sei Investments Co. now owns 177,438 shares of the energy company’s stock valued at $2,738,000 after acquiring an additional 33,635 shares in the last quarter. Mariner LLC lifted its position in shares of Alliance Resource Partners by 4.6% in the first quarter. Mariner LLC now owns 22,149 shares of the energy company’s stock valued at $342,000 after acquiring an additional 977 shares in the last quarter. Finally, ING Groep NV lifted its position in shares of Alliance Resource Partners by 210.1% in the first quarter. ING Groep NV now owns 307,000 shares of the energy company’s stock valued at $4,737,000 after acquiring an additional 208,000 shares in the last quarter. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 6th.

Alliance Resource Partners Price Performance

NASDAQ:ARLP opened at $20.88 on Tuesday. 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 company has a market capitalization of $2.67 billion, a P/E ratio of 4.34 and a beta of 1.14. Alliance Resource Partners, L.P. has a 12 month low of $17.05 and a 12 month high of $24.30. The business’s 50-day moving average is $19.82 and its 200 day moving average is $21.00.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, January 29th. The energy company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.26). Alliance Resource Partners had a return on equity of 34.90% and a net margin of 24.50%. The company had revenue of $625.42 million for the quarter, compared to the consensus estimate of $672.54 million. During the same period in the previous year, the firm earned $1.63 earnings per share. On average, equities research analysts forecast that Alliance Resource Partners, L.P. will post 4.05 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $2.80 annualized dividend and a yield of 13.41%. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 58.21%.

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.