Integrity Alliance LLC. bought a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 34,000 shares of the energy company's stock, valued at approximately $928,000.
A number of other hedge funds also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Alliance Resource Partners by 74.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 494,872 shares of the energy company's stock worth $13,500,000 after purchasing an additional 210,644 shares during the period. Royal Bank of Canada raised its position in shares of Alliance Resource Partners by 7.0% in the 1st quarter. Royal Bank of Canada now owns 19,058 shares of the energy company's stock valued at $519,000 after buying an additional 1,254 shares in the last quarter. Energy Income Partners LLC lifted its holdings in shares of Alliance Resource Partners by 3.6% during the 1st quarter. Energy Income Partners LLC now owns 168,811 shares of the energy company's stock worth $4,605,000 after acquiring an additional 5,820 shares during the period. Orion Investment Co acquired a new stake in shares of Alliance Resource Partners during the 1st quarter worth approximately $677,000. Finally, Wealth Preservation Advisors LLC bought a new position in Alliance Resource Partners in the first quarter valued at approximately $36,000. Institutional investors own 18.11% of the company's stock.
Alliance Resource Partners Price Performance
ARLP traded up $0.22 during trading on Friday, hitting $22.76. 237,112 shares of the stock traded hands, compared to its average volume of 407,185. The business has a 50 day moving average price of $25.13 and a 200 day moving average price of $25.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.96 and a quick ratio of 1.37. Alliance Resource Partners, L.P. has a twelve month low of $22.20 and a twelve month high of $30.56. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 12.57 and a beta of 0.58.
Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The energy company reported $0.55 earnings per share (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 business had revenue of $547.46 million during the quarter, compared to the consensus estimate of $583.57 million. Equities research analysts forecast that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.
Alliance Resource Partners Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.40 annualized dividend and a yield of 10.5%. Alliance Resource Partners's payout ratio is presently 132.60%.
About Alliance Resource Partners
(
Free Report)
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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