Castalian Partners LLC Makes New Investment in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Castalian Partners LLC purchased a new stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 127,531 shares of the energy company's stock, valued at approximately $3,353,000. Alliance Resource Partners accounts for about 1.7% of Castalian Partners LLC's holdings, making the stock its 13th biggest holding. Castalian Partners LLC owned 0.10% of Alliance Resource Partners as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of ARLP. Tidal Investments LLC boosted its position in Alliance Resource Partners by 1.2% in the third quarter. Tidal Investments LLC now owns 34,283 shares of the energy company's stock worth $857,000 after purchasing an additional 391 shares during the last quarter. Cadent Capital Advisors LLC lifted its stake in shares of Alliance Resource Partners by 1.9% in the 4th quarter. Cadent Capital Advisors LLC now owns 23,816 shares of the energy company's stock worth $626,000 after purchasing an additional 453 shares during the period. BCS Wealth Management boosted its holdings in shares of Alliance Resource Partners by 2.4% in the fourth quarter. BCS Wealth Management now owns 19,971 shares of the energy company's stock worth $525,000 after buying an additional 476 shares during the last quarter. Virtus ETF Advisers LLC grew its position in Alliance Resource Partners by 7.6% during the fourth quarter. Virtus ETF Advisers LLC now owns 7,278 shares of the energy company's stock valued at $191,000 after buying an additional 511 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Alliance Resource Partners during the fourth quarter valued at approximately $26,000. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ARLP has been the subject of a number of recent research reports. Benchmark reissued a "buy" rating and set a $29.00 price objective on shares of Alliance Resource Partners in a research report on Tuesday, April 29th. StockNews.com raised Alliance Resource Partners from a "hold" rating to a "buy" rating in a report on Sunday.

Alliance Resource Partners Stock Performance

NASDAQ ARLP traded up $0.12 on Monday, reaching $27.28. 173,306 shares of the stock were exchanged, compared to its average volume of 362,872. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a one year low of $21.84 and a one year high of $30.56. The firm has a market capitalization of $3.50 billion, a PE ratio of 9.90 and a beta of 0.52. The company's 50-day simple moving average is $26.21 and its two-hundred day simple moving average is $26.60.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The energy company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.03). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. The firm had revenue of $540.47 million for the quarter, compared to the consensus estimate of $556.31 million. Analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 10.26%. The ex-dividend date is Thursday, May 8th. Alliance Resource Partners's dividend payout ratio (DPR) is presently 132.08%.

Insider Buying and Selling

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 50,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.13, for a total value of $1,256,500.00. Following the sale, the senior vice president now owns 93,850 shares in the company, valued at $2,358,450.50. The trade was a 34.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.80% of the stock is owned by company insiders.

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.