Alliance Resource Partners (NASDAQ:ARLP) Sets New 12-Month Low - Time to Sell?

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)'s share price reached 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 traded. The stock had previously closed at $22.73.

Alliance Resource Partners Price Performance

The company has a current ratio of 1.96, a quick ratio of 1.37 and a debt-to-equity ratio of 0.24. The company has a market cap of $3.04 billion, a PE ratio of 13.09 and a beta of 0.58. The firm has a 50 day moving average of $25.06 and a two-hundred day moving average of $25.76.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The energy company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.06). The company had revenue of $547.46 million during the quarter, compared to analysts' expectations of $583.57 million. Alliance Resource Partners had a return on equity of 14.27% and a net margin of 10.30%. Research analysts predict 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 declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were paid a $0.60 dividend. The ex-dividend date was Thursday, August 7th. This represents a $2.40 annualized dividend and a dividend yield of 10.1%. Alliance Resource Partners's dividend payout ratio is presently 132.60%.

Hedge Funds Weigh In On Alliance Resource Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Huntleigh Advisors Inc. bought a new position in Alliance Resource Partners in the 1st quarter valued at approximately $14,190,000. Crescent Grove Advisors LLC lifted its position in Alliance Resource Partners by 62.3% in the 1st quarter. Crescent Grove Advisors LLC now owns 199,454 shares of the energy company's stock valued at $5,441,000 after acquiring an additional 76,585 shares in the last quarter. Inscription Capital LLC bought a new position in Alliance Resource Partners in the 1st quarter valued at approximately $356,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in Alliance Resource Partners by 38.9% in the 1st quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 250,000 shares of the energy company's stock valued at $6,820,000 after acquiring an additional 70,000 shares in the last quarter. Finally, Hourglass Capital LLC bought a new position in Alliance Resource Partners in the 1st quarter valued at approximately $409,000. 18.11% of the stock is owned by institutional investors.

Alliance Resource Partners Company Profile

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.