MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 284,228 shares of the energy company's stock after purchasing an additional 13,316 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.22% of Alliance Resource Partners worth $7,472,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new position in Alliance Resource Partners in the fourth quarter valued at approximately $26,000. USA Financial Formulas acquired a new position in Alliance Resource Partners in the fourth quarter valued at approximately $33,000. Summit Securities Group LLC boosted its holdings in Alliance Resource Partners by 350.0% in the fourth quarter. Summit Securities Group LLC now owns 1,800 shares of the energy company's stock valued at $47,000 after purchasing an additional 1,400 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Alliance Resource Partners by 223.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,406 shares of the energy company's stock valued at $90,000 after purchasing an additional 2,353 shares in the last quarter. Finally, Bogart Wealth LLC acquired a new position in Alliance Resource Partners in the fourth quarter valued at approximately $127,000. 18.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 50,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $25.13, for a total transaction of $1,256,500.00. Following the completion of the sale, the senior vice president now owns 93,850 shares in the company, valued at $2,358,450.50. This represents a 34.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 16.80% of the company's stock.

Alliance Resource Partners Stock Performance

NASDAQ ARLP traded down $0.10 on Friday, reaching $26.32. The stock had a trading volume of 254,475 shares, compared to its average volume of 356,577. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. Alliance Resource Partners, L.P. has a 12-month low of $22.18 and a 12-month high of $30.56. The business's 50-day moving average price is $26.53 and its 200 day moving average price is $26.66. The stock has a market cap of $3.38 billion, a P/E ratio of 9.54 and a beta of 0.52.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The energy company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.03). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. The firm had revenue of $540.47 million during the quarter, compared to analysts' expectations of $556.31 million. As a group, equities analysts expect that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 10.64%. The ex-dividend date was Thursday, May 8th. Alliance Resource Partners's dividend payout ratio (DPR) is presently 132.08%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ARLP. Wall Street Zen raised Alliance Resource Partners from a "hold" rating to a "buy" rating in a report on Sunday, May 4th. Benchmark reiterated a "buy" rating and issued a $29.00 price objective on shares of Alliance Resource Partners in a research note on Tuesday, April 29th.

Alliance Resource Partners Company Profile

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.