Bessemer Group Inc. Purchases Shares of 84,751 Alliance Resource Partners, L.P. $ARLP

Bessemer Group Inc. acquired a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 84,751 shares of the energy company’s stock, valued at approximately $2,215,000. Bessemer Group Inc. owned 0.07% of Alliance Resource Partners at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ARLP. Kingstone Capital Partners Texas LLC bought a new position in Alliance Resource Partners during the second quarter worth about $17,847,000. Huntleigh Advisors Inc. bought a new stake in Alliance Resource Partners in the first quarter valued at approximately $14,190,000. MGO One Seven LLC acquired a new stake in shares of Alliance Resource Partners in the first quarter valued at approximately $6,220,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Alliance Resource Partners by 74.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 494,872 shares of the energy company’s stock worth $13,500,000 after acquiring an additional 210,644 shares during the period. Finally, Jackson Hole Capital Partners LLC increased its holdings in shares of Alliance Resource Partners by 7.3% during the 1st quarter. Jackson Hole Capital Partners LLC now owns 2,098,619 shares of the energy company’s stock worth $57,250,000 after acquiring an additional 142,071 shares during the last quarter. 18.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ARLP shares. Alliance Global Partners initiated coverage on Alliance Resource Partners in a report on Wednesday, September 24th. They set a “buy” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Alliance Resource Partners in a research report on Wednesday, October 8th. Benchmark restated a “buy” rating on shares of Alliance Resource Partners in a research note on Tuesday. Finally, Industrial Alliance Securities set a $30.00 price target on shares of Alliance Resource Partners in a research note on Wednesday, September 24th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Alliance Resource Partners currently has a consensus rating of “Moderate Buy” and an average price target of $29.50.

Alliance Resource Partners Stock Performance

NASDAQ ARLP opened at $24.23 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.96 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.11 billion, a P/E ratio of 12.89 and a beta of 0.51. Alliance Resource Partners, L.P. has a 12-month low of $22.20 and a 12-month high of $30.56. The firm has a 50-day moving average price of $23.96 and a two-hundred day moving average price of $25.46.

Alliance Resource Partners (NASDAQ:ARLP) last announced its earnings results on Monday, October 27th. The energy company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.67 by $0.03. The company had revenue of $571.40 million for the quarter, compared to analysts’ expectations of $567.03 million. Alliance Resource Partners had a net margin of 10.88% and a return on equity of 14.75%. Analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Friday, November 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is 127.66%.

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.