Chiron Investment Management LLC Buys 1,600 Shares of Alliance Resource Partners, L.P. (ARLP)

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Chiron Investment Management LLC boosted its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 19.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,784 shares of the energy company’s stock after purchasing an additional 1,600 shares during the period. Chiron Investment Management LLC’s holdings in Alliance Resource Partners were worth $170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Acima Private Wealth LLC acquired a new stake in shares of Alliance Resource Partners in the 4th quarter valued at approximately $69,000. Penserra Capital Management LLC purchased a new position in Alliance Resource Partners in the 4th quarter valued at approximately $173,000. Abacus Planning Group Inc. purchased a new position in Alliance Resource Partners in the 4th quarter valued at approximately $246,000. CLS Investments LLC purchased a new position in Alliance Resource Partners in the 3rd quarter valued at approximately $363,000. Finally, First Trust Advisors LP purchased a new position in Alliance Resource Partners in the 4th quarter valued at approximately $389,000. 26.49% of the stock is owned by institutional investors.

NASDAQ ARLP opened at $20.51 on Friday. Alliance Resource Partners, L.P. has a 1-year low of $15.55 and a 1-year high of $20.99. The company has a market capitalization of $2.61 billion, a P/E ratio of 8.41 and a beta of 1.00. The company has a quick ratio of 1.33, a current ratio of 1.51 and a debt-to-equity ratio of 0.48.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, January 28th. The energy company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.39). Alliance Resource Partners had a net margin of 18.30% and a return on equity of 26.51%. The firm had revenue of $531.80 million during the quarter, compared to analysts’ expectations of $538.50 million. During the same period in the previous year, the business earned $0.55 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities research analysts expect that Alliance Resource Partners, L.P. will post 2.88 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Thursday, February 7th were given a dividend of $0.53 per share. This is an increase from Alliance Resource Partners’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Wednesday, February 6th. This represents a $2.12 annualized dividend and a yield of 10.34%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 86.89%.

Several research firms recently weighed in on ARLP. BidaskClub raised Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Zacks Investment Research downgraded Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Finally, ValuEngine raised Alliance Resource Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $21.00.

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Alliance Resource Partners Profile

Alliance Resource Partners LP produces and markets coal to United States utilities and industrial users. It operates through the following segments: Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment is comprised of Webster County coal’s Dotiki mining complex, Gibson mining complex, which includes the Gibson north mine and the Gibson south project, Hopkins County coal’s Elk Creek mining complex, White County coal’s Pattiki mining complex, Warrior’s mining complex, River View’s mining complex, the Sebree property and certain properties of Alliance Resource Properties and ARP Sebree LLC.

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

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