First Republic Investment Management Inc. Has $20.17 Million Holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

First Republic Investment Management Inc. increased its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLPGet Rating) by 22.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 880,761 shares of the energy company’s stock after purchasing an additional 163,057 shares during the period. First Republic Investment Management Inc.’s holdings in Alliance Resource Partners were worth $20,169,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. acquired a new position in Alliance Resource Partners in the second quarter valued at about $46,000. F&V Capital Management LLC bought a new stake in shares of Alliance Resource Partners in the third quarter valued at about $204,000. Financial Management Professionals Inc. lifted its holdings in shares of Alliance Resource Partners by 71.9% in the third quarter. Financial Management Professionals Inc. now owns 3,048 shares of the energy company’s stock valued at $70,000 after purchasing an additional 1,275 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Alliance Resource Partners by 6.7% in the second quarter. Commonwealth Equity Services LLC now owns 25,339 shares of the energy company’s stock valued at $461,000 after purchasing an additional 1,600 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Alliance Resource Partners by 6.5% in the second quarter. BNP Paribas Arbitrage SA now owns 71,052 shares of the energy company’s stock valued at $1,295,000 after purchasing an additional 4,352 shares in the last quarter.

Alliance Resource Partners Stock Performance

ARLP opened at $21.25 on Wednesday. Alliance Resource Partners, L.P. has a 52-week low of $12.60 and a 52-week high of $27.63. The firm has a market capitalization of $2.70 billion, a PE ratio of 6.72 and a beta of 1.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.95 and a current ratio of 2.34. The business’s 50-day simple moving average is $21.41 and its 200 day simple moving average is $22.62.

Alliance Resource Partners (NASDAQ:ARLPGet Rating) last released its earnings results on Monday, October 31st. The energy company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.20). The company had revenue of $628.42 million for the quarter, compared to the consensus estimate of $659.81 million. Alliance Resource Partners had a return on equity of 31.41% and a net margin of 19.02%. During the same quarter in the previous year, the company posted $0.44 EPS. As a group, sell-side analysts expect that Alliance Resource Partners, L.P. will post 4.21 earnings per share for the current fiscal year.

Alliance Resource Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, November 7th were paid a $0.50 dividend. This is a positive change from Alliance Resource Partners’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, November 4th. This represents a $2.00 annualized dividend and a yield of 9.41%. Alliance Resource Partners’s dividend payout ratio is currently 63.29%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Alliance Resource Partners in a report on Wednesday, October 12th. They issued a “strong-buy” rating on the stock.

Alliance Resource Partners Profile

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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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