International Assets Investment Management LLC Takes Position 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) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 25,416 shares of the energy company’s stock, valued at approximately $5,380,000.

Several other institutional investors and hedge funds have also bought and sold shares of ARLP. Money Concepts Capital Corp bought a new position in Alliance Resource Partners during the 4th quarter worth approximately $29,000. Tower Research Capital LLC TRC grew its position in Alliance Resource Partners by 107.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,148 shares of the energy company’s stock worth $77,000 after acquiring an additional 2,152 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in Alliance Resource Partners during the 3rd quarter worth approximately $98,000. Barclays PLC grew its position in Alliance Resource Partners by 407.1% during the 2nd quarter. Barclays PLC now owns 5,497 shares of the energy company’s stock worth $102,000 after acquiring an additional 4,413 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Alliance Resource Partners during the 1st quarter worth approximately $102,000. 18.11% of the stock is currently owned by institutional investors.

Alliance Resource Partners Trading Down 0.9 %

NASDAQ ARLP opened at $20.88 on Tuesday. Alliance Resource Partners, L.P. has a fifty-two week low of $17.05 and a fifty-two week high of $24.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.71 and a current ratio of 2.27. The stock has a 50 day simple moving average of $19.82 and a two-hundred day simple moving average of $21.00. The stock has a market cap of $2.67 billion, a P/E ratio of 4.34 and a beta of 1.14.

Alliance Resource Partners (NASDAQ:ARLP) last released 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 business had revenue of $625.42 million during the quarter, compared to analysts’ expectations of $672.54 million. During the same quarter last year, the business posted $1.63 EPS. On average, analysts forecast that Alliance Resource Partners, L.P. will post 4.05 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

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

Analysts Set New Price Targets

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

About Alliance Resource Partners

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.