Alliance Resource Partners, L.P. (NASDAQ:ARLP) Stock Position Raised by First Republic Investment Management Inc.

First Republic Investment Management Inc. raised its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLPGet Rating) by 22.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 880,761 shares of the energy company’s stock after purchasing an additional 163,057 shares during the period. First Republic Investment Management Inc.’s holdings in Alliance Resource Partners were worth $20,169,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James & Associates increased its holdings in shares of Alliance Resource Partners by 20.2% during the 1st quarter. Raymond James & Associates now owns 96,225 shares of the energy company’s stock valued at $1,485,000 after acquiring an additional 16,170 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Alliance Resource Partners by 12.2% during the 1st quarter. HighTower Advisors LLC now owns 14,110 shares of the energy company’s stock valued at $218,000 after acquiring an additional 1,535 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Alliance Resource Partners by 23.4% during the 1st quarter. Sei Investments Co. now owns 177,438 shares of the energy company’s stock valued at $2,738,000 after acquiring an additional 33,635 shares during the last quarter. Mariner LLC increased its holdings in shares of Alliance Resource Partners by 4.6% during the 1st quarter. Mariner LLC now owns 22,149 shares of the energy company’s stock valued at $342,000 after acquiring an additional 977 shares during the last quarter. Finally, ING Groep NV increased its holdings in shares of Alliance Resource Partners by 210.1% during the 1st quarter. ING Groep NV now owns 307,000 shares of the energy company’s stock valued at $4,737,000 after acquiring an additional 208,000 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Alliance Resource Partners in a report on Wednesday, October 12th. They issued a “strong-buy” rating on the stock.

Alliance Resource Partners Stock Performance

ARLP opened at $21.25 on Wednesday. The firm has a market capitalization of $2.70 billion, a P/E ratio of 6.72 and a beta of 1.34. The stock’s 50 day moving average price is $21.41 and its two-hundred day moving average price is $22.62. The company has a quick ratio of 1.95, a current ratio of 2.34 and a debt-to-equity ratio of 0.28. Alliance Resource Partners, L.P. has a 12-month low of $12.60 and a 12-month high of $27.63.

Alliance Resource Partners (NASDAQ:ARLPGet Rating) last released its earnings results on Monday, October 31st. The energy company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.20). The business had revenue of $628.42 million during the quarter, compared to analyst estimates of $659.81 million. Alliance Resource Partners had a net margin of 19.02% and a return on equity of 31.41%. During the same period last year, the business earned $0.44 EPS. On average, equities analysts forecast that Alliance Resource Partners, L.P. will post 4.21 earnings per share for the current year.

Alliance Resource Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, November 7th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 9.41%. The ex-dividend date of this dividend was Friday, November 4th. This is a positive change from Alliance Resource Partners’s previous quarterly dividend of $0.40. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 63.29%.

Alliance Resource Partners Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for Alliance Resource Partners (NASDAQ:ARLP)

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