SG Americas Securities LLC increased its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP – Free Report) by 15.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,834 shares of the energy company’s stock after acquiring an additional 3,349 shares during the quarter. SG Americas Securities LLC’s holdings in Alliance Resource Partners were worth $459,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Tucker Asset Management LLC acquired a new position in shares of Alliance Resource Partners in the 1st quarter worth $26,000. Money Concepts Capital Corp purchased a new position in shares of Alliance Resource Partners during the fourth quarter valued at $29,000. Advisory Services Network LLC purchased a new position in shares of Alliance Resource Partners during the first quarter valued at $102,000. Credit Suisse AG purchased a new position in shares of Alliance Resource Partners during the second quarter valued at $169,000. Finally, State of Wyoming grew its holdings in shares of Alliance Resource Partners by 46.1% during the fourth quarter. State of Wyoming now owns 9,462 shares of the energy company’s stock valued at $192,000 after buying an additional 2,986 shares in the last quarter. 19.58% of the stock is currently owned by institutional investors and hedge funds.
Alliance Resource Partners Price Performance
Shares of NASDAQ:ARLP opened at $22.95 on Friday. Alliance Resource Partners, L.P. has a fifty-two week low of $17.05 and a fifty-two week high of $25.47. The business has a 50-day moving average of $20.17 and a two-hundred day moving average of $19.50. The stock has a market capitalization of $2.92 billion, a P/E ratio of 4.08 and a beta of 1.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.68 and a quick ratio of 2.16.
Alliance Resource Partners Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were given a dividend of $0.70 per share. The ex-dividend date was Friday, August 4th. This represents a $2.80 annualized dividend and a dividend yield of 12.20%. Alliance Resource Partners’s dividend payout ratio is presently 49.73%.
Wall Street Analyst Weigh In
A number of research analysts have commented on ARLP shares. StockNews.com started coverage on Alliance Resource Partners in a research note on Saturday, August 19th. They issued a “strong-buy” rating on the stock. Benchmark restated a “buy” rating and issued a $28.00 target price on shares of Alliance Resource Partners in a research note on Tuesday, August 1st.
Read Our Latest Report on ARLP
About Alliance Resource Partners
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.
Further Reading
- Five stocks we like better than Alliance Resource Partners
- How to Invest in Renewable Energy
- Nursing Home REITs: The Surprise Heroes of High Yield Investing
- 3 REITs to Buy and Hold for the Long Term
- Energy Stocks Shine as High Oil Prices Boost Dividend Yields
- What Do S&P 500 Stocks Tell Investors About the Market?
- Can Undervalued Healthcare Stocks Add Yield To Your Portfolio?
Receive News & Ratings for Alliance Resource Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Resource Partners and related companies with MarketBeat.com's FREE daily email newsletter.
