Tweedy Browne Co LLC Purchases 20,522 Shares of Alliance Resource Partners, L.P. $ARLP

Tweedy Browne Co LLC grew its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 105.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 39,999 shares of the energy company’s stock after buying an additional 20,522 shares during the quarter. Tweedy Browne Co LLC’s holdings in Alliance Resource Partners were worth $1,011,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Parvin Asset Management LLC bought a new stake in shares of Alliance Resource Partners in the second quarter worth about $27,000. Northwestern Mutual Wealth Management Co. raised its position in Alliance Resource Partners by 135.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock valued at $39,000 after purchasing an additional 875 shares during the last quarter. Triumph Capital Management bought a new position in Alliance Resource Partners during the 3rd quarter valued at approximately $46,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Alliance Resource Partners in the 3rd quarter worth approximately $51,000. Finally, US Bancorp DE grew its position in shares of Alliance Resource Partners by 28.5% in the 3rd quarter. US Bancorp DE now owns 2,570 shares of the energy company’s stock worth $65,000 after buying an additional 570 shares during the last quarter. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

Alliance Resource Partners Stock Down 0.5%

ARLP stock opened at $27.30 on Wednesday. Alliance Resource Partners, L.P. has a fifty-two week low of $22.20 and a fifty-two week high of $28.39. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 11.38 and a beta of 0.30. The business’s 50 day moving average price is $25.53 and its two-hundred day moving average price is $24.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.41 and a current ratio of 2.10.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, February 2nd. The energy company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.14. The company had revenue of $535.51 million for the quarter, compared to analyst estimates of $556.82 million. Alliance Resource Partners had a return on equity of 18.41% and a net margin of 14.18%. As a group, analysts forecast that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $2.40 annualized dividend and a yield of 8.8%. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Benchmark reissued a “buy” rating on shares of Alliance Resource Partners in a research note on Tuesday, February 3rd. Weiss Ratings downgraded shares of Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday. Wall Street Zen lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, Zacks Research cut shares of Alliance Resource Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.