Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Sold by Magnolia Group LLC

Magnolia Group LLC lessened its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 4.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,268,350 shares of the energy company's stock after selling 166,521 shares during the period. Alliance Resource Partners makes up approximately 15.1% of Magnolia Group LLC's holdings, making the stock its 2nd largest position. Magnolia Group LLC owned 2.54% of Alliance Resource Partners worth $89,161,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ARLP. Farther Finance Advisors LLC increased its holdings in Alliance Resource Partners by 321.3% during the 1st quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company's stock valued at $26,000 after purchasing an additional 739 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Alliance Resource Partners during the 4th quarter valued at $26,000. Summit Securities Group LLC increased its holdings in Alliance Resource Partners by 350.0% during the 4th quarter. Summit Securities Group LLC now owns 1,800 shares of the energy company's stock valued at $47,000 after purchasing an additional 1,400 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Alliance Resource Partners by 223.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,406 shares of the energy company's stock valued at $90,000 after purchasing an additional 2,353 shares in the last quarter. Finally, First United Bank & Trust acquired a new stake in Alliance Resource Partners during the 1st quarter valued at $94,000. Institutional investors and hedge funds own 18.11% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ARLP shares. Wall Street Zen raised Alliance Resource Partners from a "hold" rating to a "buy" rating in a report on Sunday, May 4th. Benchmark reiterated a "buy" rating and issued a $29.00 price objective on shares of Alliance Resource Partners in a research report on Tuesday, April 29th.

Alliance Resource Partners Trading Up 0.3%

Alliance Resource Partners stock traded up $0.08 during mid-day trading on Wednesday, hitting $27.02. 220,418 shares of the company's stock were exchanged, compared to its average volume of 336,307. The company's 50 day simple moving average is $26.16 and its 200-day simple moving average is $26.50. Alliance Resource Partners, L.P. has a fifty-two week low of $22.18 and a fifty-two week high of $30.56. The firm has a market capitalization of $3.47 billion, a P/E ratio of 12.75 and a beta of 0.54. The company has a quick ratio of 1.37, a current ratio of 1.93 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The energy company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.03). Alliance Resource Partners had a return on equity of 15.77% and a net margin of 11.84%. The business had revenue of $540.47 million for the quarter, compared to the consensus estimate of $556.31 million. On average, equities 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 was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.36%. The ex-dividend date of this dividend was Thursday, May 8th. Alliance Resource Partners's dividend payout ratio is presently 132.08%.

About Alliance Resource Partners

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.