Tweedy Browne Co LLC Buys 20,522 Shares of Alliance Resource Partners, L.P. $ARLP

Tweedy Browne Co LLC boosted its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 105.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,999 shares of the energy company’s stock after purchasing an additional 20,522 shares during the quarter. Tweedy Browne Co LLC’s holdings in Alliance Resource Partners were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Parvin Asset Management LLC bought a new position in shares of Alliance Resource Partners in the 2nd quarter worth $27,000. Northwestern Mutual Wealth Management Co. lifted its holdings 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 worth $39,000 after acquiring an additional 875 shares during the last quarter. Triumph Capital Management purchased a new position in Alliance Resource Partners in the third quarter worth $46,000. Halbert Hargrove Global Advisors LLC purchased a new position in Alliance Resource Partners in the third quarter worth $51,000. Finally, US Bancorp DE increased its stake 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 last quarter. 18.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Alliance Resource Partners Stock Performance

NASDAQ ARLP opened at $27.30 on Wednesday. The company has a 50-day simple moving average of $25.53 and a two-hundred day simple moving average of $24.55. The company has a quick ratio of 1.41, a current ratio of 2.10 and a debt-to-equity ratio of 0.23. Alliance Resource Partners, L.P. has a 12-month low of $22.20 and a 12-month high of $28.39. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 11.38 and a beta of 0.30.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, February 2nd. The energy company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.61 by $0.14. Alliance Resource Partners had a return on equity of 18.41% and a net margin of 14.18%.The firm had revenue of $535.51 million for the quarter, compared to the consensus estimate of $556.82 million. On average, equities analysts forecast that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend was Friday, February 6th. Alliance Resource Partners’s payout ratio is 100.00%.

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.