Magnolia Group Trims ARLP Stake by $21M

About this episode

Magnolia Group has reduced its stake in Alliance Resource Partners by $21 million, now holding 7.26% of the fund's assets.

Magnolia Group significantly reduced its stake in Alliance Resource Partners, selling one million one hundred seventy thousand shares for thirty million dollars. This move decreased their overall position by nearly twenty-one million dollars, now holding seven point two six percent of the funds assets. ARLP, a coal powerhouse, operates seven mines and offers a nine point six five percent dividend yield. Despite a modest one point four percent increase over the past year, ARLP remains a potential value play for investors as funds like Magnolia shift their energy bets. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/6cf11117e1453586

Topics covered

• investment
• stock market
• coal industry
• dividend yield
• financial news

Keywords

• Magnolia Group
• Alliance Resource Partners
• ARLP
• dividend yield
• investment news

Sponsors

Solipillow

Mentioned in this episode

Organizations: Magnolia Group, Alliance Resource Partners, ARLP

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