Sigma Planning Corp Invests $476,000 in Alliance Resource Partners, L.P. (ARLP) Stock

Sigma Planning Corp bought a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 23,390 shares of the energy company’s stock, valued at approximately $476,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acima Private Wealth LLC purchased a new stake in Alliance Resource Partners in the fourth quarter valued at approximately $69,000. Chiron Investment Management LLC boosted its position in Alliance Resource Partners by 19.6% in the fourth quarter. Chiron Investment Management LLC now owns 9,784 shares of the energy company’s stock valued at $170,000 after buying an additional 1,600 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in Alliance Resource Partners in the fourth quarter valued at approximately $173,000. Abacus Planning Group Inc. purchased a new stake in Alliance Resource Partners in the fourth quarter valued at approximately $246,000. Finally, First Trust Advisors LP purchased a new stake in Alliance Resource Partners in the 4th quarter worth approximately $389,000. Hedge funds and other institutional investors own 26.75% of the company’s stock.

Alliance Resource Partners stock opened at $18.46 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 0.94. Alliance Resource Partners, L.P. has a 12 month low of $16.50 and a 12 month high of $20.99. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 7.57 and a beta of 0.97.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, April 29th. The energy company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.34. Alliance Resource Partners had a return on equity of 30.52% and a net margin of 23.51%. The business had revenue of $526.60 million for the quarter, compared to analyst estimates of $523.00 million. During the same quarter in the prior year, the firm posted $1.16 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. Sell-side analysts expect that Alliance Resource Partners, L.P. will post 3.1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 11.59%. The ex-dividend date is Tuesday, May 7th. This is a positive change from Alliance Resource Partners’s previous quarterly dividend of $0.53. Alliance Resource Partners’s dividend payout ratio is currently 87.70%.

ARLP has been the topic of several recent research reports. BidaskClub lowered Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Zacks Investment Research upgraded Alliance Resource Partners from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Thursday, April 25th. Finally, ValuEngine upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $21.50.

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Alliance Resource Partners Profile

Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.

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Institutional Ownership by Quarter for Alliance Resource Partners (NASDAQ:ARLP)

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