Bienville Capital Management LLC Has $4.17 Million Position in Alliance Resource Partners, L.P. $ARLP

Key Points

• Bienville Capital Management reduced its Alliance Resource Partners (ARLP) stake by 18.6% in the second quarter, selling 39,844 shares and retaining 173,893 shares valued at approximately $4.17 million.
• ARLP reported quarterly earnings of $0.65 per share, slightly below the $0.66 analyst consensus, while revenue of $551.56 million also fell short of estimates. Analysts project full-year earnings of $2.65 per share.
• The partnership declared a quarterly dividend of $0.60 per share, equivalent to an annualized $2.40 payout and a roughly 9.0% yield; analysts maintain a “Moderate Buy” consensus with an average $30 price target.

Bienville Capital Management LLC cut its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 18.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 173,893 shares of the energy company's stock after selling 39,844 shares during the period. Bienville Capital Management LLC owned approximately 0.14% of Alliance Resource Partners worth $4,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Summit Securities Group LLC acquired a new stake in Alliance Resource Partners during the first quarter worth approximately $28,000. Integrated Wealth Concepts LLC acquired a new position in Alliance Resource Partners in the second quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Alliance Resource Partners during the 2nd quarter worth approximately $30,000. IFC & Insurance Marketing Inc. bought a new position in shares of Alliance Resource Partners during the 4th quarter worth approximately $35,000. Finally, Smartleaf Asset Management LLC acquired a new stake in shares of Alliance Resource Partners during the 4th quarter worth approximately $35,000. 18.11% of the stock is owned by institutional investors and hedge funds.

Alliance Resource Partners Stock Up 0.4%

Shares of NASDAQ:ARLP opened at $26.77 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.75. Alliance Resource Partners, L.P. has a 52-week low of $22.20 and a 52-week high of $29.45. The business's 50 day simple moving average is $25.41 and its two-hundred day simple moving average is $25.79. The firm has a market cap of $3.44 billion, a P/E ratio of 13.06 and a beta of 0.21.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its earnings results on Monday, July 27th. The energy company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Alliance Resource Partners had a return on equity of 17.70% and a net margin of 12.25%.The firm had revenue of $551.56 million for the quarter, compared to analyst estimates of $554.30 million. As a group, research analysts forecast that Alliance Resource Partners, L.P. will post 2.65 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, August 7th. This represents a $2.40 annualized dividend and a yield of 9.0%. Alliance Resource Partners's dividend payout ratio is presently 117.07%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Alliance Resource Partners from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Weiss Ratings upgraded shares of Alliance Resource Partners from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, August 25th. Finally, Zacks Research downgraded shares of Alliance Resource Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $30.00.

Insiders Place Their Bets

In other Alliance Resource Partners news, Director Ronna McDaniel acquired 3,000 shares of the company's stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $26.11 per share, with a total value of $78,330.00. Following the completion of the purchase, the director owned 3,000 shares of the company's stock, valued at approximately $78,330. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 16.80% of the company's stock.

Alliance Resource Partners Profile

Alliance Resource Partners, L.P. NASDAQ: ARLP is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance's integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.

Want to see what other hedge funds are holding ARLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.