247,000 Shares in Alliance Resource Partners, L.P. $ARLP Acquired by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC acquired a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the first quarter, according to its most recent filing with the SEC. The fund acquired 247,000 shares of the energy company’s stock, valued at approximately $6,830,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in shares of Alliance Resource Partners during the first quarter worth $28,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Alliance Resource Partners in the fourth quarter valued at $35,000. Smartleaf Asset Management LLC purchased a new position in shares of Alliance Resource Partners in the fourth quarter valued at $35,000. Sound Income Strategies LLC bought a new stake in shares of Alliance Resource Partners during the 4th quarter valued at $36,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Alliance Resource Partners by 135.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock valued at $39,000 after purchasing an additional 875 shares during the period. Institutional investors own 18.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ARLP. Zacks Research upgraded Alliance Resource Partners from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Weiss Ratings cut Alliance Resource Partners from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Finally, Wall Street Zen downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $30.00.

Alliance Resource Partners Trading Down 0.6%

Shares of ARLP stock opened at $24.77 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.46. Alliance Resource Partners, L.P. has a 52-week low of $22.20 and a 52-week high of $29.45. The company has a market capitalization of $3.19 billion, a PE ratio of 13.04 and a beta of 0.23. The business’s fifty day moving average is $24.69 and its 200 day moving average is $25.49.

Alliance Resource Partners (NASDAQ:ARLP) last posted its earnings results on Monday, April 27th. The energy company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.28). The business had revenue of $516.02 million for the quarter, compared to analysts’ expectations of $518.24 million. Alliance Resource Partners had a return on equity of 16.87% and a net margin of 11.35%. On average, equities research analysts anticipate that Alliance Resource Partners, L.P. will post 2.53 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 9.7%. The ex-dividend date was Friday, May 8th. Alliance Resource Partners’s dividend payout ratio is 126.32%.

About Alliance Resource Partners

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.