Alliance Resource Partners (NASDAQ:ARLP) Reaches New 12-Month Low - Here's Why

Key Points

• Alliance Resource Partners reached a new 52-week low of $22.20, with a closing price at $22.63 and a trading volume of 48,561 shares.
• The company reported earnings per share (EPS) of $0.55 for the last quarter, missing analyst expectations of $0.61, and had revenue of $547.46 million compared to the expected $583.57 million.
• Alliance Resource Partners announced a dividend payout ratio (DPR) of 132.60%, with a recent quarterly dividend of $0.60 per share, reflecting an annualized yield of 10.6%.

Alliance Resource Partners, L.P. (NASDAQ:ARLP - Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as $22.20 and last traded at $22.63, with a volume of 48561 shares changing hands. The stock had previously closed at $22.73.

Alliance Resource Partners Price Performance

The company's fifty day moving average is $25.28 and its two-hundred day moving average is $25.85. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 12.52 and a beta of 0.58. The company has a quick ratio of 1.37, a current ratio of 1.96 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its earnings results on Monday, July 28th. The energy company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.06). Alliance Resource Partners had a net margin of 10.30% and a return on equity of 14.27%. The firm had revenue of $547.46 million during the quarter, compared to the consensus estimate of $583.57 million. Equities research analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date was Thursday, August 7th. Alliance Resource Partners's dividend payout ratio (DPR) is currently 132.60%.

Institutional Trading of Alliance Resource Partners

Several hedge funds and other institutional investors have recently bought and sold shares of ARLP. Farther Finance Advisors LLC raised its position in shares of Alliance Resource Partners by 321.3% in the 1st quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company's stock valued at $26,000 after buying an additional 739 shares in the last quarter. Parvin Asset Management LLC bought a new stake in Alliance Resource Partners during the 2nd quarter worth approximately $27,000. SVB Wealth LLC acquired a new position in shares of Alliance Resource Partners in the 1st quarter worth approximately $32,000. Wealth Preservation Advisors LLC acquired a new position in shares of Alliance Resource Partners during the 1st quarter valued at $36,000. Finally, MCF Advisors LLC lifted its position in shares of Alliance Resource Partners by 37.7% during the 2nd quarter. MCF Advisors LLC now owns 1,377 shares of the energy company's stock valued at $36,000 after acquiring an additional 377 shares during the period. Institutional investors and hedge funds own 18.11% of the company's stock.

About Alliance Resource Partners

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.

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