Goldman Sachs Group Inc. Grows Stock Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Goldman Sachs Group Inc. grew its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 858,939 shares of the energy company’s stock after buying an additional 7,870 shares during the period. Goldman Sachs Group Inc. owned 0.68% of Alliance Resource Partners worth $18,192,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ARLP. Magnolia Group LLC lifted its holdings in Alliance Resource Partners by 6.0% during the fourth quarter. Magnolia Group LLC now owns 3,214,171 shares of the energy company’s stock valued at $68,076,000 after purchasing an additional 180,720 shares during the last quarter. Jackson Hole Capital Partners LLC boosted its holdings in Alliance Resource Partners by 1.1% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 1,949,324 shares of the energy company’s stock worth $41,287,000 after buying an additional 21,478 shares during the period. Recurrent Investment Advisors LLC grew its stake in Alliance Resource Partners by 4.9% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 735,784 shares of the energy company’s stock valued at $16,577,000 after buying an additional 34,500 shares in the last quarter. ING Groep NV grew its stake in Alliance Resource Partners by 62.9% in the 4th quarter. ING Groep NV now owns 684,000 shares of the energy company’s stock valued at $14,487,000 after buying an additional 264,000 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Alliance Resource Partners by 23.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 348,187 shares of the energy company’s stock worth $7,375,000 after acquiring an additional 65,611 shares during the period. Institutional investors own 18.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ARLP. StockNews.com raised Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 30th. Benchmark reaffirmed 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 Price Performance

NASDAQ:ARLP opened at $24.19 on Friday. The stock has a fifty day moving average of $23.18 and a 200 day moving average of $21.34. Alliance Resource Partners, L.P. has a 52-week low of $17.83 and a 52-week high of $25.53. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 5.29 and a beta of 1.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.54 and a current ratio of 2.08.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, April 29th. The energy company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.28. Alliance Resource Partners had a net margin of 23.36% and a return on equity of 31.68%. The company had revenue of $651.70 million for the quarter, compared to analysts’ expectations of $625.32 million. During the same period in the prior year, the business earned $1.45 earnings per share. On average, research analysts expect that Alliance Resource Partners, L.P. will post 3.93 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 11.58%. The ex-dividend date of this dividend was Tuesday, May 7th. Alliance Resource Partners’s payout ratio is currently 61.27%.

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.