Alliance Resource Partners (NASDAQ:ARLP) Stock Moved Up to Strong-Buy by Wall Street Zen

Wall Street Zen upgraded shares of Alliance Resource Partners (NASDAQ:ARLP) from a buy rating to a strong-buy rating in a report issued on Saturday,Wall Street Zen reports.

Several other equities analysts have also weighed in on ARLP. Weiss Ratings lowered shares of Alliance Resource Partners from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, October 21st. Zacks Research downgraded Alliance Resource Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Alliance Resource Partners Stock Performance

ARLP remained flat at $25.27 during trading on Friday. 406,172 shares of the company’s stock traded hands, compared to its average volume of 338,654. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.27. Alliance Resource Partners has a 12 month low of $23.01 and a 12 month high of $29.45. The stock’s 50-day moving average is $25.55 and its 200 day moving average is $25.66. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 10.53 and a beta of 0.30.

Alliance Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 13th. Investors of record on Friday, November 6th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend was Friday, November 6th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Investors Weigh In On Alliance Resource Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new stake in Alliance Resource Partners in the second quarter valued at $28,000. Pin Oak Investment Advisors Inc. acquired a new position in Alliance Resource Partners during the 2nd quarter worth $30,000. Allworth Financial LP acquired a new position in Alliance Resource Partners during the 2nd quarter worth $48,000. MADDEN SECURITIES Corp bought a new stake in shares of Alliance Resource Partners in the 3rd quarter worth about $49,000. Finally, Continuum Advisory LLC bought a new stake in shares of Alliance Resource Partners in the 2nd quarter worth about $58,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P. is a diversified natural resource company best known for producing and marketing coal. Its coal is sold primarily to electric utilities for power generation, along with customers in other industrial markets. The partnership operates coal mines in the Illinois Basin and Appalachia, serving customers in the United States and international markets. Its activities also include oil and gas royalty interests and other mineral interests, which provide exposure to resources beyond coal.