Castalian Partners LLC Takes $3.35 Million Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

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

A number of other large investors also recently added to or reduced their stakes in ARLP. Steward Partners Investment Advisory LLC purchased a new stake in shares of Alliance Resource Partners in the 4th quarter valued at $26,000. USA Financial Formulas acquired a new position in Alliance Resource Partners in the 4th quarter valued at about $33,000. Summit Securities Group LLC grew its position in Alliance Resource Partners by 350.0% in the 4th quarter. Summit Securities Group LLC now owns 1,800 shares of the energy company's stock valued at $47,000 after acquiring an additional 1,400 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Alliance Resource Partners by 223.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,406 shares of the energy company's stock worth $90,000 after purchasing an additional 2,353 shares during the period. Finally, Bogart Wealth LLC acquired a new stake in shares of Alliance Resource Partners during the fourth quarter worth about $127,000. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Alliance Resource Partners Stock Up 2.9 %

NASDAQ ARLP traded up $0.76 during trading hours on Friday, hitting $27.16. 290,425 shares of the company were exchanged, compared to its average volume of 365,018. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 9.84 and a beta of 0.62. The company has a 50 day moving average of $26.21 and a two-hundred day moving average of $26.57. Alliance Resource Partners, L.P. has a 52-week low of $21.84 and a 52-week high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its earnings results on Monday, April 28th. The energy company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.03). Alliance Resource Partners had a return on equity of 19.09% and a net margin of 14.74%. The firm had revenue of $540.47 million for the quarter, compared to analysts' expectations of $556.31 million. Equities research analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, May 8th. This represents a $2.80 annualized dividend and a dividend yield of 10.31%. Alliance Resource Partners's dividend payout ratio (DPR) is currently 132.08%.

Insider Buying and Selling

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 50,000 shares of Alliance Resource Partners stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.13, for a total transaction of $1,256,500.00. Following the completion of the sale, the senior vice president now directly owns 93,850 shares of the company's stock, valued at $2,358,450.50. The trade was a 34.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 16.80% of the company's stock.

Wall Street Analyst Weigh In

ARLP has been the subject of a number of research reports. Benchmark restated a "buy" rating and issued a $29.00 price objective on shares of Alliance Resource Partners in a report on Tuesday. StockNews.com cut shares of Alliance Resource Partners from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th.

Alliance Resource Partners 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.