MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 284,228 shares of the energy company’s stock after purchasing an additional 13,316 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Alliance Resource Partners were worth $7,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in ARLP. Raymond James Financial Inc. bought a new stake in Alliance Resource Partners in the fourth quarter valued at $14,564,000. Castalian Partners LLC purchased a new position in Alliance Resource Partners in the 4th quarter worth about $3,353,000. GraniteShares Advisors LLC purchased a new position in Alliance Resource Partners in the 4th quarter worth about $2,493,000. Orvieto Partners L.P. acquired a new stake in Alliance Resource Partners during the 4th quarter worth about $2,070,000. Finally, Horizon Kinetics Asset Management LLC acquired a new stake in Alliance Resource Partners during the 4th quarter worth about $1,440,000. 18.11% of the stock is currently owned by institutional investors.

Alliance Resource Partners Stock Performance

ARLP opened at $26.68 on Friday. The stock has a market cap of $3.43 billion, a PE ratio of 9.67 and a beta of 0.52. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a 1 year low of $22.18 and a 1 year high of $30.56. The stock’s 50 day simple moving average is $26.37 and its 200-day simple moving average is $26.65.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, April 28th. The energy company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. The company had revenue of $540.47 million during the quarter, compared to the consensus estimate of $556.31 million. Sell-side analysts forecast that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 10.49%. The ex-dividend date of this dividend was Thursday, May 8th. Alliance Resource Partners’s dividend payout ratio (DPR) is 132.08%.

Insiders Place Their Bets

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 50,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.13, for a total value of $1,256,500.00. Following the transaction, the senior vice president now owns 93,850 shares of the company’s stock, valued at approximately $2,358,450.50. The trade was a 34.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.80% of the company’s stock.

Wall Street Analysts Forecast Growth

ARLP has been the subject of several research reports. StockNews.com upgraded Alliance Resource Partners from a “hold” rating to a “buy” rating in a report on Sunday, May 4th. Benchmark reiterated a “buy” rating and set a $29.00 price target on shares of Alliance Resource Partners in a report on Tuesday, April 29th.

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.