ING Groep NV acquired a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 100,000 shares of the energy company’s stock, valued at approximately $1,935,000. ING Groep NV owned 0.08% of Alliance Resource Partners, L.P. at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in shares of Alliance Resource Partners, L.P. by 10.1% in the second quarter. Wells Fargo & Company MN now owns 185,967 shares of the energy company’s stock worth $3,515,000 after purchasing an additional 17,029 shares during the period. Renaissance Technologies LLC bought a new position in shares of Alliance Resource Partners, L.P. in the first quarter worth $1,611,000. Goldman Sachs Group Inc. increased its position in shares of Alliance Resource Partners, L.P. by 26.3% in the second quarter. Goldman Sachs Group Inc. now owns 967,641 shares of the energy company’s stock worth $18,289,000 after purchasing an additional 201,213 shares during the period. Rafferty Asset Management LLC increased its position in shares of Alliance Resource Partners, L.P. by 9.1% in the second quarter. Rafferty Asset Management LLC now owns 151,013 shares of the energy company’s stock worth $2,854,000 after purchasing an additional 12,596 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Alliance Resource Partners, L.P. by 44.3% in the second quarter. Russell Investments Group Ltd. now owns 193,192 shares of the energy company’s stock worth $3,652,000 after purchasing an additional 59,317 shares during the period. Hedge funds and other institutional investors own 14.37% of the company’s stock.

ARLP has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Alliance Resource Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research report on Monday, October 9th. Stifel Nicolaus decreased their price target on Alliance Resource Partners, L.P. from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, November 15th. FBR & Co set a $30.00 price target on Alliance Resource Partners, L.P. and gave the stock a “buy” rating in a research report on Tuesday, October 31st. ValuEngine cut Alliance Resource Partners, L.P. from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Finally, B. Riley restated a “buy” rating on shares of Alliance Resource Partners, L.P. in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $25.27.

Shares of Alliance Resource Partners, L.P. (ARLP) opened at $18.45 on Friday. The firm has a market capitalization of $2,444.17, a PE ratio of 4.91 and a beta of 0.78. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.53. Alliance Resource Partners, L.P. has a 12 month low of $17.65 and a 12 month high of $25.95.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last released its quarterly earnings data on Monday, October 30th. The energy company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.13). The business had revenue of $453.19 million during the quarter, compared to analyst estimates of $474.34 million. Alliance Resource Partners, L.P. had a net margin of 18.96% and a return on equity of 31.11%. The business’s quarterly revenue was down 17.9% compared to the same quarter last year. During the same period last year, the business earned $0.91 earnings per share. equities analysts predict that Alliance Resource Partners, L.P. will post 3.06 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were paid a $0.505 dividend. The ex-dividend date of this dividend was Monday, November 6th. This is a positive change from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.50. This represents a $2.02 annualized dividend and a yield of 10.95%. Alliance Resource Partners, L.P.’s dividend payout ratio (DPR) is 54.01%.

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Alliance Resource Partners, L.P. 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.

Institutional Ownership by Quarter for Alliance Resource Partners, L.P. (NASDAQ:ARLP)

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