Sheaff Brock Investment Advisors LLC purchased a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,295 shares of the energy company’s stock, valued at approximately $219,000.
A number of other large investors also recently made changes to their positions in the business. Stifel Financial Corp acquired a new position in Alliance Resource Partners in the third quarter worth $196,000. JPMorgan Chase & Co. boosted its stake in Alliance Resource Partners by 12.6% in the third quarter. JPMorgan Chase & Co. now owns 843,816 shares of the energy company’s stock worth $15,738,000 after purchasing an additional 94,379 shares in the last quarter. ING Groep NV acquired a new position in Alliance Resource Partners in the third quarter worth $1,935,000. Russell Investments Group Ltd. boosted its stake in Alliance Resource Partners by 2.5% in the third quarter. Russell Investments Group Ltd. now owns 197,964 shares of the energy company’s stock worth $3,831,000 after purchasing an additional 4,772 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Alliance Resource Partners in the third quarter worth $193,000. Hedge funds and other institutional investors own 14.39% of the company’s stock.
Alliance Resource Partners, L.P. (NASDAQ ARLP) opened at $17.75 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.53 and a current ratio of 0.82. Alliance Resource Partners, L.P. has a one year low of $17.60 and a one year high of $25.95. The stock has a market capitalization of $2,359.21, a price-to-earnings ratio of 4.74 and a beta of 0.73.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were paid a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a dividend yield of 11.38%. The ex-dividend date was Monday, November 6th. This is a positive change from Alliance Resource Partners’s previous quarterly dividend of $0.50. Alliance Resource Partners’s dividend payout ratio is 54.01%.
A number of research firms have commented on ARLP. B. Riley reissued a “buy” rating on shares of Alliance Resource Partners in a research note on Wednesday, November 1st. BidaskClub lowered Alliance Resource Partners from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. ValuEngine raised Alliance Resource Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised Alliance Resource Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, FBR & Co set a $30.00 price target on Alliance Resource Partners and gave the company a “buy” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Alliance Resource Partners presently has a consensus rating of “Buy” and a consensus price target of $25.27.
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Alliance Resource Partners Company Profile
Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.
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