Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLPFree Report) by 36.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,357 shares of the energy company’s stock after purchasing an additional 14,255 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Alliance Resource Partners were worth $1,070,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FinTrust Capital Advisors LLC acquired a new stake in shares of Alliance Resource Partners during the fourth quarter worth $42,000. Tortoise Investment Management LLC acquired a new position in Alliance Resource Partners in the fourth quarter valued at $151,000. Advisory Services Network LLC acquired a new position in Alliance Resource Partners in the fourth quarter valued at $182,000. Counterpoint Mutual Funds LLC boosted its holdings in Alliance Resource Partners by 128.5% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 9,943 shares of the energy company’s stock valued at $211,000 after acquiring an additional 5,592 shares during the last quarter. Finally, Cadent Capital Advisors LLC acquired a new position in Alliance Resource Partners in the first quarter valued at $213,000. Institutional investors and hedge funds own 18.11% of the company’s stock.

Wall Street Analysts Forecast Growth

ARLP has been the topic of a number of research analyst reports. Benchmark reiterated 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 upgraded Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 30th.

Get Our Latest Stock Analysis on Alliance Resource Partners

Alliance Resource Partners Trading Up 1.1 %

NASDAQ:ARLP opened at $25.27 on Monday. The business’s 50-day moving average is $23.63 and its two-hundred day moving average is $21.61. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.08 and a quick ratio of 1.54. Alliance Resource Partners, L.P. has a 12 month low of $18.17 and a 12 month high of $25.75. The firm has a market capitalization of $3.24 billion, a PE ratio of 5.53 and a beta of 1.15.

Alliance Resource Partners (NASDAQ:ARLPGet Free Report) last released its quarterly earnings data on Monday, April 29th. The energy company reported $1.21 EPS 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 company had revenue of $651.70 million for the quarter, compared to analyst estimates of $625.32 million. During the same period last year, the company posted $1.45 earnings per share. Research analysts predict that Alliance Resource Partners, L.P. will post 3.72 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 11.08%. The ex-dividend date was Tuesday, May 7th. Alliance Resource Partners’s payout ratio is 61.27%.

Alliance Resource Partners Profile

(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

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

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