ING Groep NV Grows Holdings in Alliance Resource Partners, L.P. $ARLP

ING Groep NV raised its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 167.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 378,100 shares of the energy company’s stock after buying an additional 236,900 shares during the period. ING Groep NV owned approximately 0.29% of Alliance Resource Partners worth $9,560,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ARLP. Royal Bank of Canada lifted its stake in shares of Alliance Resource Partners by 7.0% in the first quarter. Royal Bank of Canada now owns 19,058 shares of the energy company’s stock worth $519,000 after acquiring an additional 1,254 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in Alliance Resource Partners by 1.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 30,476 shares of the energy company’s stock worth $797,000 after purchasing an additional 501 shares during the last quarter. Tweedy Browne Co LLC raised its position in shares of Alliance Resource Partners by 122.5% in the 2nd quarter. Tweedy Browne Co LLC now owns 19,477 shares of the energy company’s stock valued at $509,000 after purchasing an additional 10,722 shares in the last quarter. Disciplined Investments LLC boosted its stake in shares of Alliance Resource Partners by 2.6% during the 2nd quarter. Disciplined Investments LLC now owns 63,149 shares of the energy company’s stock valued at $1,651,000 after buying an additional 1,616 shares during the last quarter. Finally, Bessemer Group Inc. bought a new stake in shares of Alliance Resource Partners in the second quarter worth $2,215,000. 18.11% of the stock is owned by hedge funds and other institutional investors.

Alliance Resource Partners Price Performance

Shares of NASDAQ:ARLP opened at $25.50 on Thursday. The company 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 fifty-two week low of $22.20 and a fifty-two week high of $28.39. The firm has a 50-day simple moving average of $24.07 and a 200 day simple moving average of $24.25. The company has a quick ratio of 1.39, a current ratio of 1.90 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, February 2nd. The energy company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.14. The company had revenue of $535.51 million during 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%. On average, sell-side analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 EPS for the current 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 $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date is Friday, February 6th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Zacks Research downgraded shares of Alliance Resource Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Alliance Resource Partners in a research note on Monday, December 29th. Finally, Benchmark reissued a “buy” rating on shares of Alliance Resource Partners in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.