Tortoise Investment Management LLC Makes New Investment in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Tortoise Investment Management LLC bought a new stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLPFree Report) in the 4th quarter, reports. The fund bought 7,500 shares of the energy company’s stock, valued at approximately $151,000.

Other large investors have also recently made changes to their positions in the company. Chiron Investment Management LLC purchased a new position in Alliance Resource Partners in the 3rd quarter valued at about $128,000. Counterpoint Mutual Funds LLC raised its position in shares of Alliance Resource Partners by 128.5% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 9,943 shares of the energy company’s stock valued at $211,000 after buying an additional 5,592 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of Alliance Resource Partners in the third quarter worth about $248,000. Avantax Advisory Services Inc. boosted its position in Alliance Resource Partners by 54.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,285 shares of the energy company’s stock worth $303,000 after acquiring an additional 5,010 shares during the last quarter. Finally, Donoghue Forlines LLC purchased a new stake in Alliance Resource Partners during the 3rd quarter valued at about $341,000. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Alliance Resource Partners Trading Up 0.4 %

Shares of ARLP traded up $0.08 during mid-day trading on Friday, reaching $22.82. The stock had a trading volume of 244,031 shares, compared to its average volume of 565,443. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.08 and a quick ratio of 1.54. The business’s fifty day moving average is $21.14 and its 200 day moving average is $20.89. Alliance Resource Partners, L.P. has a 52-week low of $17.05 and a 52-week high of $24.30. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 4.99 and a beta of 1.11.

Alliance Resource Partners (NASDAQ:ARLPGet Free Report) last posted its quarterly earnings results on Monday, April 29th. The energy company reported $1.21 earnings per share for the quarter, beating 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 business had revenue of $651.70 million during the quarter, compared to analysts’ expectations of $625.32 million. During the same quarter in the prior year, the company posted $1.45 EPS. On average, sell-side analysts predict that Alliance Resource Partners, L.P. will post 4.1 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $2.80 annualized dividend and a yield of 12.27%. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 61.27%.

Wall Street Analyst Weigh In

ARLP has been the topic of several recent research reports. Benchmark restated a “buy” rating and set a $25.00 target price on shares of Alliance Resource Partners in a report on Tuesday, April 30th. raised Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 30th.

View Our Latest Stock Analysis on ARLP

Alliance Resource Partners Company Profile

(Free Report)

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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