Alliance Resource Partners, L.P. $ARLP Shares Purchased by ING Groep NV

ING Groep NV grew its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 167.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 378,100 shares of the energy company’s stock after buying an additional 236,900 shares during the period. ING Groep NV’s holdings in Alliance Resource Partners were worth $9,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Parvin Asset Management LLC acquired a new position in shares of Alliance Resource Partners during the second quarter worth approximately $27,000. Halbert Hargrove Global Advisors LLC bought a new stake in Alliance Resource Partners during the 3rd quarter valued at $51,000. Virtus Investment Advisers LLC boosted its position in Alliance Resource Partners by 13.1% during the 2nd quarter. Virtus Investment Advisers LLC now owns 6,601 shares of the energy company’s stock worth $173,000 after acquiring an additional 764 shares during the period. State of Wyoming grew its stake in shares of Alliance Resource Partners by 323.5% in the second quarter. State of Wyoming now owns 8,550 shares of the energy company’s stock worth $223,000 after purchasing an additional 6,531 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in shares of Alliance Resource Partners during the third quarter valued at $251,000. Institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Stock Up 3.8%

ARLP stock opened at $25.50 on Thursday. The firm has a market cap of $3.27 billion, a PE ratio of 10.63 and a beta of 0.34. Alliance Resource Partners, L.P. has a 12 month low of $22.20 and a 12 month high of $28.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.90 and a quick ratio of 1.39. The firm has a 50 day simple moving average of $24.07 and a 200 day simple moving average of $24.25.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, February 2nd. The energy company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.14. The firm had revenue of $535.51 million for the quarter, compared to the consensus estimate of $556.82 million. Alliance Resource Partners had a return on equity of 18.50% and a net margin of 14.18%. Equities research analysts forecast that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, February 6th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.4%. Alliance Resource Partners’s dividend payout ratio (DPR) is 100.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Benchmark reaffirmed a “buy” rating on shares of Alliance Resource Partners in a report on Tuesday, February 3rd. Wall Street Zen lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Zacks Research cut shares of Alliance Resource Partners from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Alliance Resource Partners in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $29.50.

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.