As the world charges ahead into a new era of energy and industry, businesses are taking notice and making investments to stay ahead of the curve. One such business is Cambridge Investment Research Advisors Inc., which recently announced that it has acquired a new position in shares of Alliance Resource Partners, L.P. With this move, Cambridge has shown its dedication and commitment to staying on top of trends in energy and investing.
According to their most recent disclosure with the SEC, Cambridge Investment Research Advisors Inc. acquired 38,761 shares of Alliance Resource Partners’ stock in the fourth quarter of 2023. The securities were valued at approximately $788,000, further underscoring Cambridge’s confidence in the future prospects of this energy company.
Many research firms have recognized Alliance Resource Partners’ potential for growth and profit as well. Benchmark reiterated their “buy” rating on ARLP shares and set a target price of $28.00 on January 31st. StockNews.com raised Alliance Resource Partners from “buy” to “strong-buy” status on May 11th, further validating the strength of this company’s trajectory.
Alliance Resource Partners has also made headlines recently for its quarterly dividend payouts. On May 15th, investors were issued a dividend payment of $0.70 per share by ARLP – an impressive payout ratio in today’s market climate. This represents an annualized dividend yield of 14.91%, cementing this company as one with strong financials to boot.
Overall, it seems that Cambridge Investment Research Advisors Inc.’s decision to invest heavily in Alliance Resource Partners’ shares was a wise one indeed. As more companies recognize the importance of staying up-to-date on industry trends and advancements across various sectors that will increase production efficiency while simultaneously reducing costs or increasing margins over time- we can expect more such investments to be made in innovative enterprises like Alliance Resource Partners moving forward. For now though, it appears that ARLP is a worthwhile investment for anyone looking to get in on the ground floor of the future of energy.
Alliance Resource Partners, L.P. Attracts Interest from Institutional Investors and Insiders Amidst Market Fluctuations[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”ARLP” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]
Alliance Resource Partners, L.P. (ARLP) has recently been the subject of attention from several hedge funds and institutional investors who have modified their holdings in the energy company’s stock. IFP Advisors Inc lifted its holdings in shares of Alliance Resource Partners by 13.4% during the third quarter, now owning 5,069 shares worth $99,000 after purchasing an additional 600 shares. Credit Suisse AG purchased a new stake in shares of Alliance Resource Partners valued at about $169,000 while Victory Capital Management Inc acquired a new position during the third quarter of approximately $202,000. Fayez Sarofim & Co also bought a new position worth about $202,000 and Tower Research Capital LLC TRC increased its position by 34.1% during the same period.
Despite this interest from investors however, ARLP stock opened at a lower price point on May 22nd – $18.78 per share having struggled to regain momentum amid broader market fluctuations and ongoing concerns over energy demand during pandemic-related shutdowns.
One person who seems less perturbed is insider Joseph W Craft III who recently purchased 100,000 ARLP stocks in mid-March for around $18.60 per share- adding up to an impressive transaction total of around $1,8600,000.
17% of Alliance Resource Partner LP is owned by people directly connected with the company; a fact that could be seen as positive news for potential investors looking for long-term prospects in an energy industry struggling to recover from recent shocks caused by trade wars and changing technologies.
Alliance Resource Partner LP currently has a market cap of around $2.39 billion with a P/E ratio of around 3.38 and beta standing at approximately 1.35%. Despite past struggles with debt-equity ratios sitting at around 0:25%, the firm still has noticeable liquidity reflected in current and quick ratios of 2.33 and 1.96, respectively.
While market trends may have impacted the ARLP stock value in recent days and weeks, the continued interest from institutional investors and insiders such as Joseph W Craft III could signal a promising future for Alliance Resource Partners, L.P.