Counterpoint Mutual Funds LLC Invests $346,000 in Alliance Resource Partners, L.P. $ARLP

Key Points

• Counterpoint Mutual Funds LLC invested approximately $346,000 in Alliance Resource Partners, acquiring 13,230 shares during the second quarter.
• Alliance Resource Partners recently reported a Earnings Per Share (EPS) of $0.55, which fell short of the consensus estimate of $0.61, with revenues at $547.46 million.
• The company cut its dividend to $0.60 per share, representing an annualized yield of 9.9%, while the dividend payout ratio stands at 132.60%.

Counterpoint Mutual Funds LLC acquired a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,230 shares of the energy company's stock, valued at approximately $346,000.

Several other institutional investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its holdings in Alliance Resource Partners by 3.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,850 shares of the energy company's stock worth $315,000 after buying an additional 380 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Alliance Resource Partners by 321.3% during the first quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company's stock worth $26,000 after buying an additional 739 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Alliance Resource Partners by 4.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,903 shares of the energy company's stock worth $761,000 after buying an additional 1,070 shares during the last quarter. SVB Wealth LLC acquired a new position in Alliance Resource Partners during the first quarter worth $32,000. Finally, Royal Bank of Canada raised its holdings in Alliance Resource Partners by 7.0% during the first quarter. Royal Bank of Canada now owns 19,058 shares of the energy company's stock worth $519,000 after buying an additional 1,254 shares during the last quarter. Institutional investors and hedge funds own 18.11% of the company's stock.

Alliance Resource Partners Stock Performance

Shares of ARLP stock opened at $24.33 on Thursday. The firm has a 50-day moving average of $24.62 and a 200-day moving average of $25.69. The company has a market cap of $3.12 billion, a P/E ratio of 13.44 and a beta of 0.58. 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 one year low of $22.20 and a one year high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last announced its earnings results on Monday, July 28th. The energy company reported $0.55 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 firm had revenue of $547.46 million during the quarter, compared to analysts' expectations of $583.57 million. Equities research analysts forecast that Alliance Resource Partners, L.P. will post 2.72 EPS 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 given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 9.9%. The ex-dividend date was Thursday, August 7th. Alliance Resource Partners's dividend payout ratio (DPR) is currently 132.60%.

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.

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