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

International Assets Investment Management LLC purchased a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,416 shares of the energy company’s stock, valued at approximately $5,380,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ARLP. Raymond James Financial Services Advisors Inc. grew its stake in shares of Alliance Resource Partners by 23.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 348,187 shares of the energy company’s stock valued at $7,375,000 after buying an additional 65,611 shares during the period. Nomura Holdings Inc. acquired a new stake in Alliance Resource Partners during the third quarter worth $1,674,000. Alps Advisors Inc. purchased a new stake in Alliance Resource Partners in the third quarter valued at $383,000. Oppenheimer & Co. Inc. acquired a new position in shares of Alliance Resource Partners in the 3rd quarter valued at $2,044,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Alliance Resource Partners by 12.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 16,203 shares of the energy company’s stock valued at $365,000 after purchasing an additional 1,736 shares during the last quarter. Institutional investors and hedge funds own 18.11% of the company’s stock.

Alliance Resource Partners Trading Down 2.3 %

Shares of NASDAQ ARLP opened at $22.48 on Wednesday. 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 stock has a market capitalization of $2.88 billion, a PE ratio of 4.92 and a beta of 1.11. Alliance Resource Partners, L.P. has a twelve month low of $17.05 and a twelve month high of $24.30. The stock has a fifty day simple moving average of $20.59 and a 200-day simple moving average of $20.88.

Alliance Resource Partners (NASDAQ:ARLP) last released 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. The company had revenue of $651.70 million during the quarter, compared to the consensus estimate of $625.32 million. Alliance Resource Partners had a return on equity of 32.06% and a net margin of 23.36%. During the same period in the previous year, the company posted $1.45 EPS. On average, equities analysts forecast that Alliance Resource Partners, L.P. will post 4.1 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

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

Analyst Ratings Changes

ARLP has been the topic of several research analyst reports. Benchmark restated a “buy” rating and issued a $25.00 price objective on shares of Alliance Resource Partners in a report on Tuesday, April 30th. StockNews.com upgraded shares of Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 30th.

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.