Horizon Kinetics Asset Management LLC Invests $1.44 Million in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Horizon Kinetics Asset Management LLC bought a new position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 54,761 shares of the energy company’s stock, valued at approximately $1,440,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Tidal Investments LLC grew its holdings in Alliance Resource Partners by 1.2% during the 3rd quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock valued at $857,000 after purchasing an additional 391 shares during the last quarter. Pekin Hardy Strauss Inc. grew its stake in Alliance Resource Partners by 0.9% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company’s stock worth $1,173,000 after acquiring an additional 400 shares in the last quarter. Cadent Capital Advisors LLC grew its stake in Alliance Resource Partners by 1.9% in the 4th quarter. Cadent Capital Advisors LLC now owns 23,816 shares of the energy company’s stock worth $626,000 after acquiring an additional 453 shares in the last quarter. BCS Wealth Management grew its stake in Alliance Resource Partners by 2.4% in the 4th quarter. BCS Wealth Management now owns 19,971 shares of the energy company’s stock worth $525,000 after acquiring an additional 476 shares in the last quarter. Finally, AlphaCore Capital LLC grew its stake in Alliance Resource Partners by 3.0% in the 3rd quarter. AlphaCore Capital LLC now owns 17,203 shares of the energy company’s stock worth $430,000 after acquiring an additional 503 shares in the last quarter. 18.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Singular Research cut shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $29.00 price target (up previously from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday, February 4th.

Alliance Resource Partners Trading Down 1.1 %

NASDAQ:ARLP opened at $24.91 on Tuesday. Alliance Resource Partners, L.P. has a 52 week low of $19.45 and a 52 week high of $30.56. The firm has a 50 day moving average of $26.79 and a 200 day moving average of $26.03. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 9.03 and a beta of 1.09.

Alliance Resource Partners (NASDAQ:ARLP) last posted its earnings results on Monday, February 3rd. The energy company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. As a group, sell-side analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 11.24%. Alliance Resource Partners’s dividend payout ratio is currently 101.45%.

Alliance Resource Partners 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.