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

Magnolia Group LLC cut its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,268,350 shares of the energy company's stock after selling 166,521 shares during the quarter. Alliance Resource Partners makes up approximately 15.1% of Magnolia Group LLC's holdings, making the stock its 2nd biggest holding. Magnolia Group LLC owned about 2.54% of Alliance Resource Partners worth $89,161,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ARLP. Raymond James Financial Inc. purchased a new position in shares of Alliance Resource Partners during the fourth quarter worth approximately $14,564,000. Huntleigh Advisors Inc. purchased a new position in shares of Alliance Resource Partners during the first quarter worth approximately $14,190,000. Castalian Partners LLC purchased a new position in Alliance Resource Partners during the fourth quarter valued at approximately $3,353,000. Orvieto Partners L.P. purchased a new position in Alliance Resource Partners during the fourth quarter valued at approximately $2,070,000. Finally, Crescent Grove Advisors LLC increased its holdings in Alliance Resource Partners by 62.3% during the first quarter. Crescent Grove Advisors LLC now owns 199,454 shares of the energy company's stock valued at $5,441,000 after buying an additional 76,585 shares during the period. 18.11% of the stock is owned by hedge funds and other institutional investors.

Alliance Resource Partners Stock Performance

Shares of ARLP stock opened at $27.33 on Friday. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 12.89 and a beta of 0.54. The company's 50 day moving average is $26.16 and its 200 day moving average is $26.48. 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, L.P. has a 52-week low of $22.18 and a 52-week high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). The business had revenue of $540.47 million for the quarter, compared to analysts' expectations of $556.31 million. Alliance Resource Partners had a net margin of 11.84% and a return on equity of 15.77%. On average, sell-side analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 10.25%. The ex-dividend date of this dividend was Thursday, May 8th. Alliance Resource Partners's dividend payout ratio is currently 132.08%.

Analyst Ratings Changes

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

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.

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