ING Groep NV Purchases 289,900 Shares of Alliance Resource Partners, L.P. $ARLP

ING Groep NV raised its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 76.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 668,000 shares of the energy company’s stock after acquiring an additional 289,900 shares during the quarter. ING Groep NV owned approximately 0.52% of Alliance Resource Partners worth $15,518,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC bought a new position in Alliance Resource Partners in the fourth quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Alliance Resource Partners by 135.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock valued at $39,000 after acquiring an additional 875 shares during the period. Triumph Capital Management bought a new position in Alliance Resource Partners in the third quarter valued at about $46,000. US Bancorp DE lifted its holdings in Alliance Resource Partners by 28.5% in the third quarter. US Bancorp DE now owns 2,570 shares of the energy company’s stock valued at $65,000 after acquiring an additional 570 shares during the period. Finally, Kelleher Financial Advisors bought a new position in Alliance Resource Partners in the fourth quarter valued at about $66,000. Institutional investors own 18.11% of the company’s stock.

Wall Street Analyst Weigh In

ARLP has been the topic of several recent research reports. Zacks Research raised Alliance Resource Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, April 24th. Wall Street Zen downgraded Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings downgraded Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 16th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Alliance Resource Partners Stock Performance

NASDAQ:ARLP opened at $25.62 on Monday. The stock has a market capitalization of $3.30 billion, a P/E ratio of 13.48 and a beta of 0.24. The stock has a 50-day moving average price of $25.93 and a 200 day moving average price of $25.32. The company has a current ratio of 1.46, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a 12-month low of $22.20 and a 12-month high of $29.45.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, April 27th. The energy company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.28). The firm had revenue of $516.02 million for the quarter, compared to analysts’ expectations of $518.24 million. Alliance Resource Partners had a net margin of 11.35% and a return on equity of 16.87%. Equities research analysts forecast that Alliance Resource Partners, L.P. will post 2.45 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 9.4%. The ex-dividend date was Friday, May 8th. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 126.32%.

Alliance Resource Partners Profile

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.