Alliance Resource Partners, L.P. $ARLP Shares Bought by Lido Advisors LLC

Key Points

• Lido Advisors increased its Alliance Resource Partners stake by 93.6% in the third quarter, adding about 1.03 million shares to reach 2.12 million shares, valued at $51.6 million.
• Alliance Resource Partners announced a quarterly dividend of $0.60 per share, equivalent to $2.40 annually and a 9.6% yield; its reported payout ratio was 100%.
• Analyst views were mixed, but the stock had an overall “Moderate Buy” rating, with two Buy ratings and one Hold rating.

Lido Advisors LLC lifted its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 93.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,123,618 shares of the energy company's stock after buying an additional 1,026,862 shares during the quarter. Lido Advisors LLC owned about 1.65% of Alliance Resource Partners worth $51,583,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Energy Income Partners LLC lifted its holdings in Alliance Resource Partners by 145.9% in the first quarter. Energy Income Partners LLC now owns 737,328 shares of the energy company's stock valued at $20,387,000 after buying an additional 437,486 shares during the period. Bank of America Corp DE grew its holdings in Alliance Resource Partners by 74.2% during the 1st quarter. Bank of America Corp DE now owns 269,655 shares of the energy company's stock worth $7,456,000 after acquiring an additional 114,880 shares during the period. Mizuho Markets Americas LLC acquired a new stake in Alliance Resource Partners during the 1st quarter worth $6,830,000. Adams Asset Advisors LLC raised its position in shares of Alliance Resource Partners by 2.2% during the 3rd quarter. Adams Asset Advisors LLC now owns 264,797 shares of the energy company's stock valued at $6,432,000 after acquiring an additional 5,784 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Alliance Resource Partners by 2.9% during the 1st quarter. First Trust Advisors LP now owns 192,532 shares of the energy company's stock valued at $5,324,000 after acquiring an additional 5,450 shares during the last quarter. Institutional investors and hedge funds own 18.11% of the company's stock.

Alliance Resource Partners Stock Performance

Shares of ARLP stock opened at $25.08 on Wednesday. The stock has a market cap of $3.23 billion, a PE ratio of 10.45 and a beta of 0.30. The stock has a 50-day moving average of $25.61 and a 200-day moving average of $25.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.32. Alliance Resource Partners, L.P. has a one year low of $23.01 and a one year high of $29.45.

Alliance Resource Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 6th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend is Friday, November 6th. Alliance Resource Partners's dividend payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

ARLP has been the topic of a number of analyst reports. Wall Street Zen raised Alliance Resource Partners from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Zacks Research cut Alliance Resource Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 17th. Finally, Weiss Ratings cut Alliance Resource Partners from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, October 21st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Alliance Resource Partners has an average rating of "Moderate Buy".

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P. is a diversified natural resource company best known for producing and marketing coal. Its coal is sold primarily to electric utilities for power generation, along with customers in other industrial markets. The partnership operates coal mines in the Illinois Basin and Appalachia, serving customers in the United States and international markets. Its activities also include oil and gas royalty interests and other mineral interests, which provide exposure to resources beyond coal.

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