Magnolia Group LLC grew its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,214,171 shares of the energy company's stock after buying an additional 180,720 shares during the period. Alliance Resource Partners accounts for 10.0% of Magnolia Group LLC's investment portfolio, making the stock its 5th largest position. Magnolia Group LLC owned about 2.53% of Alliance Resource Partners worth $68,076,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in ARLP. Commonwealth Equity Services LLC raised its stake in shares of Alliance Resource Partners by 2.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 39,564 shares of the energy company's stock valued at $891,000 after purchasing an additional 1,004 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Alliance Resource Partners by 12.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,203 shares of the energy company's stock valued at $365,000 after purchasing an additional 1,736 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Alliance Resource Partners by 18.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 20,455 shares of the energy company's stock valued at $461,000 after purchasing an additional 3,255 shares during the period. Chiron Investment Management LLC bought a new position in Alliance Resource Partners in the 3rd quarter worth about $128,000. Finally, AE Wealth Management LLC increased its stake in Alliance Resource Partners by 33.7% in the 3rd quarter. AE Wealth Management LLC now owns 23,436 shares of the energy company's stock worth $528,000 after acquiring an additional 5,911 shares during the last quarter. Hedge funds and other institutional investors own 18.11% of the company's stock.
Alliance Resource Partners Price Performance
Shares of Alliance Resource Partners stock traded up $0.22 during trading on Tuesday, hitting $22.43. 532,952 shares of the stock traded hands, compared to its average volume of 460,763. The company has a quick ratio of 1.71, a current ratio of 2.27 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 4.66 and a beta of 1.14. The firm's fifty day moving average is $20.13 and its 200-day moving average is $20.92. Alliance Resource Partners, L.P. has a 52 week low of $17.05 and a 52 week high of $24.30.
Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its earnings results on Monday, April 29th. The energy company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.28. The company had revenue of $651.70 million during the quarter, compared to analysts' expectations of $625.32 million. Alliance Resource Partners had a return on equity of 34.90% and a net margin of 24.50%. During the same period in the prior year, the business posted $1.45 EPS. Research analysts expect that Alliance Resource Partners, L.P. will post 4.05 EPS for the current fiscal year.
Alliance Resource Partners Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 12.48%. The ex-dividend date of this dividend is Tuesday, May 7th. Alliance Resource Partners's dividend payout ratio (DPR) is currently 58.21%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. StockNews.com lowered Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 6th. Benchmark reiterated a "buy" rating and set a $25.00 price objective on shares of Alliance Resource Partners in a research report on Tuesday.
Check Out Our Latest Stock Report on ARLP
Alliance Resource Partners Profile
(
Free Report)
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.
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