Integrity Alliance LLC. bought a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 34,000 shares of the energy company's stock, valued at approximately $928,000.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Progeny 3 Inc. lifted its position in shares of Alliance Resource Partners by 1.3% during the fourth quarter. Progeny 3 Inc. now owns 2,942,211 shares of the energy company's stock worth $77,351,000 after purchasing an additional 38,030 shares during the last quarter. Jackson Hole Capital Partners LLC raised its holdings in shares of Alliance Resource Partners by 7.3% in the first quarter. Jackson Hole Capital Partners LLC now owns 2,098,619 shares of the energy company's stock valued at $57,250,000 after acquiring an additional 142,071 shares in the last quarter. Recurrent Investment Advisors LLC raised its holdings in shares of Alliance Resource Partners by 0.5% in the fourth quarter. Recurrent Investment Advisors LLC now owns 1,151,070 shares of the energy company's stock valued at $30,262,000 after acquiring an additional 5,925 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Alliance Resource Partners by 0.3% in the first quarter. Raymond James Financial Inc. now owns 555,667 shares of the energy company's stock valued at $15,159,000 after acquiring an additional 1,697 shares in the last quarter. Finally, Huntleigh Advisors Inc. bought a new stake in shares of Alliance Resource Partners in the first quarter valued at about $14,190,000. 18.11% of the stock is currently owned by institutional investors.
Alliance Resource Partners Stock Down 0.1%
Shares of ARLP stock traded down $0.03 on Wednesday, hitting $23.68. The stock had a trading volume of 69,491 shares, compared to its average volume of 375,968. The company has a quick ratio of 1.37, a current ratio of 1.96 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $25.01 and a 200 day moving average price of $25.75. The company has a market cap of $3.04 billion, a PE ratio of 13.06 and a beta of 0.58. Alliance Resource Partners, L.P. has a one year low of $22.20 and a one year high of $30.56.
Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $547.46 million during the quarter, compared to the consensus estimate of $583.57 million. Alliance Resource Partners had a net margin of 10.30% and a return on equity of 14.27%. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 10.1%. The ex-dividend date was Thursday, August 7th. 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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