Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 48.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 22,446 shares of the energy company’s stock after acquiring an additional 7,321 shares during the period. BNP Paribas Financial Markets’ holdings in Alliance Resource Partners were worth $561,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pekin Hardy Strauss Inc. boosted its holdings in Alliance Resource Partners by 0.9% in the third quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company’s stock valued at $1,173,000 after acquiring an additional 400 shares during the last quarter. AlphaCore Capital LLC boosted its holdings in Alliance Resource Partners by 3.0% in the third quarter. AlphaCore Capital LLC now owns 17,203 shares of the energy company’s stock worth $430,000 after purchasing an additional 503 shares during the period. Andina Capital Management LLC increased its stake in Alliance Resource Partners by 5.2% during the third quarter. Andina Capital Management LLC now owns 15,171 shares of the energy company’s stock valued at $379,000 after purchasing an additional 745 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in Alliance Resource Partners by 3.8% in the third quarter. J.W. Cole Advisors Inc. now owns 21,746 shares of the energy company’s stock worth $544,000 after acquiring an additional 797 shares during the last quarter. Finally, Beacon Capital Management LLC grew its stake in Alliance Resource Partners by 135.8% during the 2nd quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock worth $36,000 after buying an additional 842 shares during the last quarter. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on ARLP shares. StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Singular Research downgraded Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd. Finally, Benchmark raised their price objective on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th.

Alliance Resource Partners Stock Performance

Shares of ARLP opened at $26.66 on Friday. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 7.57 and a beta of 1.16. Alliance Resource Partners, L.P. has a 12 month low of $18.32 and a 12 month high of $29.44. The company’s fifty day moving average is $26.36 and its 200-day moving average is $24.94. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP) last posted its earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.16). The company had revenue of $613.57 million during the quarter, compared to analyst estimates of $646.17 million. Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. During the same quarter last year, the firm posted $1.18 earnings per share. Equities analysts expect that Alliance Resource Partners, L.P. will post 3.19 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 10.50%. The ex-dividend date was Thursday, November 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 79.55%.

Insider Buying and Selling at Alliance Resource Partners

In related news, SVP Timothy J. Whelan sold 10,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $28.00, for a total value of $280,000.00. Following the sale, the senior vice president now owns 157,946 shares of the company’s stock, valued at $4,422,488. The trade was a 5.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.80% of the company’s stock.

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.