5 Value Stocks with High Dividend Yields

2. Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Dividend Yield as of May 11: 7.69%

P/E Ratio as of May 11: 12.55

Number of Hedge Fund Holders: 5

Alliance Resource Partners, L.P. (NASDAQ:ARLP) is an Oklahoma-based natural resource company, operating via four business divisions – Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties. Noble Capital analyst Mark Reichman initiated coverage of Alliance Resource Partners, L.P. (NASDAQ:ARLP) on March 30 with an Outperform rating and a $22 price target. 

Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s dividend yield on May 11 stood at 7.69%. On April 26, Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a $0.35 per share quarterly dividend, a 40% increase from its previous dividend of $0.25. The dividend is distributable on May 13, to shareholders of record on May 6. 

According to Insider Monkey’s Q4 data, 5 hedge funds were bullish on Alliance Resource Partners, L.P. (NASDAQ:ARLP), with collective stakes worth $79 million, compared to 6 funds in the earlier quarter, holding stakes in the company valued at $72.5 million. Adam Peterson’s Magnolia Capital Fund held the largest position in Alliance Resource Partners, L.P. (NASDAQ:ARLP), with 4.95 million shares worth $62.5 million.