B. Riley Wealth Advisors Inc. Boosts Stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

B. Riley Wealth Advisors Inc. increased its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 37.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,010 shares of the energy company’s stock after purchasing an additional 5,943 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Alliance Resource Partners were worth $466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of ARLP. Goldman Sachs Group Inc. lifted its position in Alliance Resource Partners by 0.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 858,939 shares of the energy company’s stock valued at $18,192,000 after purchasing an additional 7,870 shares during the last quarter. Tortoise Investment Management LLC purchased a new stake in Alliance Resource Partners in the 4th quarter worth about $151,000. Optimist Retirement Group LLC purchased a new stake in shares of Alliance Resource Partners in the fourth quarter worth approximately $561,000. Pinnacle Holdings LLC raised its holdings in shares of Alliance Resource Partners by 8.9% in the fourth quarter. Pinnacle Holdings LLC now owns 133,007 shares of the energy company’s stock worth $2,817,000 after buying an additional 10,843 shares during the period. Finally, FinTrust Capital Advisors LLC bought a new stake in shares of Alliance Resource Partners during the 4th quarter worth approximately $42,000. 18.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on ARLP. StockNews.com upgraded Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 30th. Benchmark reiterated a “buy” rating and set a $25.00 price objective on shares of Alliance Resource Partners in a research note on Tuesday, April 30th.

Alliance Resource Partners Stock Down 1.4 %

Shares of ARLP opened at $23.80 on Monday. The company has a market capitalization of $3.05 billion, a PE ratio of 5.21 and a beta of 1.12. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $22.93 and a two-hundred day simple moving average of $21.23. Alliance Resource Partners, L.P. has a 52-week low of $17.81 and a 52-week high of $25.53.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings results on Monday, April 29th. The energy company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.28. The company had revenue of $651.70 million for the quarter, compared to analyst estimates of $625.32 million. Alliance Resource Partners had a net margin of 23.36% and a return on equity of 31.68%. During the same period in the prior year, the firm earned $1.45 earnings per share. As a group, equities analysts forecast that Alliance Resource Partners, L.P. will post 3.93 EPS for the current year.

Alliance Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, May 7th. This represents a $2.80 annualized dividend and a dividend yield of 11.76%. Alliance Resource Partners’s dividend payout ratio (DPR) is 61.27%.

Alliance Resource Partners 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.