Alliance Resource Partners, L.P. (ARLP) Shares Bought by Foundry Partners LLC

Foundry Partners LLC grew its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 235,647 shares of the energy company’s stock after acquiring an additional 14,583 shares during the quarter. Foundry Partners LLC owned about 0.18% of Alliance Resource Partners worth $4,159,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mountain Lake Investment Management LLC purchased a new position in shares of Alliance Resource Partners in the first quarter valued at approximately $882,000. UBS Group AG lifted its position in shares of Alliance Resource Partners by 490.0% in the first quarter. UBS Group AG now owns 78,572 shares of the energy company’s stock valued at $1,387,000 after acquiring an additional 65,254 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Alliance Resource Partners by 2.1% in the first quarter. Van ECK Associates Corp now owns 154,894 shares of the energy company’s stock valued at $2,734,000 after acquiring an additional 3,235 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Alliance Resource Partners by 68.1% in the first quarter. Hsbc Holdings PLC now owns 34,797 shares of the energy company’s stock valued at $614,000 after acquiring an additional 14,100 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Alliance Resource Partners by 77.5% in the first quarter. PNC Financial Services Group Inc. now owns 26,566 shares of the energy company’s stock valued at $470,000 after acquiring an additional 11,602 shares in the last quarter. Institutional investors and hedge funds own 15.25% of the company’s stock.

Several equities analysts have recently weighed in on ARLP shares. BidaskClub upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, June 5th. ValuEngine downgraded Alliance Resource Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. MKM Partners upgraded Alliance Resource Partners from a “neutral” rating to a “buy” rating in a research report on Friday, June 1st. Finally, Seaport Global Securities set a $20.00 target price on Alliance Resource Partners and gave the company a “buy” rating in a research report on Monday, April 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $24.50.

Shares of Alliance Resource Partners stock opened at $19.55 on Tuesday. Alliance Resource Partners, L.P. has a one year low of $15.55 and a one year high of $21.90. The company has a market cap of $2.61 billion, a P/E ratio of 7.95 and a beta of 0.75. The company has a current ratio of 1.15, a quick ratio of 0.82 and a debt-to-equity ratio of 0.35.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings data on Monday, April 30th. The energy company reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.60. Alliance Resource Partners had a return on equity of 23.79% and a net margin of 19.79%. The firm had revenue of $457.10 million for the quarter, compared to the consensus estimate of $459.48 million. During the same quarter last year, the business posted $1.10 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. research analysts predict that Alliance Resource Partners, L.P. will post 2.46 earnings per share for the current year.

Alliance Resource Partners declared that its Board of Directors has approved a share buyback program on Thursday, May 31st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the energy company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Alliance Resource Partners Company 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.

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

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