BNP Paribas Financial Markets Buys 7,321 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

BNP Paribas Financial Markets increased its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 48.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,446 shares of the energy company’s stock after purchasing an additional 7,321 shares during the quarter. BNP Paribas Financial Markets’ holdings in Alliance Resource Partners were worth $561,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Pathway Financial Advisers LLC grew its holdings in shares of Alliance Resource Partners by 2,400.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 67,675 shares of the energy company’s stock valued at $1,692,000 after buying an additional 64,968 shares during the period. Creative Planning boosted its stake in shares of Alliance Resource Partners by 89.8% during the 2nd quarter. Creative Planning now owns 72,099 shares of the energy company’s stock worth $1,764,000 after buying an additional 34,106 shares during the last quarter. Atlanta Consulting Group Advisors LLC bought a new stake in shares of Alliance Resource Partners during the 3rd quarter worth approximately $29,144,000. International Assets Investment Management LLC acquired a new stake in Alliance Resource Partners in the third quarter valued at $7,500,000. Finally, Crescent Grove Advisors LLC increased its position in Alliance Resource Partners by 15.5% during the third quarter. Crescent Grove Advisors LLC now owns 208,793 shares of the energy company’s stock worth $5,220,000 after buying an additional 28,016 shares during the last quarter. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Timothy J. Whelan sold 10,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the transaction, the senior vice president now directly owns 157,946 shares of the company’s stock, valued at approximately $4,422,488. The trade was a 5.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 16.80% of the company’s stock.

Alliance Resource Partners Trading Up 1.7 %

NASDAQ ARLP opened at $26.66 on Friday. The firm has a market capitalization of $3.41 billion, a PE ratio of 7.57 and a beta of 1.16. The business’s 50-day moving average price is $26.36 and its two-hundred day moving average price is $24.94. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a 12 month low of $18.32 and a 12 month high of $29.44.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.16). The business had revenue of $613.57 million for the quarter, compared to analyst estimates of $646.17 million. Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. During the same period in the prior year, the business earned $1.18 EPS. On average, analysts expect that Alliance Resource Partners, L.P. will post 3.19 EPS for the current year.

Alliance Resource Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.50%. The ex-dividend date was Thursday, November 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is 79.55%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ARLP. Singular Research lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 2nd. StockNews.com downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Finally, Benchmark raised their price target on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th.

Alliance Resource Partners Company Profile

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.