Crescent Grove Advisors LLC increased its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 62.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 199,454 shares of the energy company's stock after purchasing an additional 76,585 shares during the quarter. Crescent Grove Advisors LLC owned about 0.16% of Alliance Resource Partners worth $5,441,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in Alliance Resource Partners by 38.9% during the first quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 250,000 shares of the energy company's stock valued at $6,820,000 after buying an additional 70,000 shares during the period. U S Global Investors Inc. bought a new stake in Alliance Resource Partners during the first quarter valued at $382,000. Jaffetilchin Investment Partners LLC boosted its stake in Alliance Resource Partners by 9.2% during the first quarter. Jaffetilchin Investment Partners LLC now owns 33,078 shares of the energy company's stock valued at $902,000 after buying an additional 2,798 shares during the period. Hidden Cove Wealth Management LLC boosted its stake in Alliance Resource Partners by 100.1% during the first quarter. Hidden Cove Wealth Management LLC now owns 70,159 shares of the energy company's stock valued at $1,914,000 after buying an additional 35,100 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake 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 valued at $761,000 after buying an additional 1,070 shares during the period. 18.11% of the stock is currently owned by hedge funds and other institutional investors.
Alliance Resource Partners Price Performance
ARLP stock traded up $0.11 during mid-day trading on Friday, hitting $25.54. 136,279 shares of the stock were exchanged, compared to its average volume of 341,672. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.37. The business has a fifty day moving average price of $26.26 and a 200 day moving average price of $26.44. Alliance Resource Partners, L.P. has a 12 month low of $22.18 and a 12 month high of $30.56. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 12.05 and a beta of 0.56.
Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings results 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). Alliance Resource Partners had a return on equity of 15.77% and a net margin of 11.84%. The firm had revenue of $540.47 million for the quarter, compared to the consensus estimate of $556.31 million. On average, sell-side analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 EPS for the current 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 paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 10.96%. The ex-dividend date of this dividend was Thursday, May 8th. Alliance Resource Partners's dividend payout ratio (DPR) is currently 132.08%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Wall Street Zen raised Alliance Resource Partners from a "hold" rating to a "buy" rating in a research note on Sunday, May 4th. Benchmark reaffirmed a "buy" rating and set a $29.00 price target on shares of Alliance Resource Partners in a research note on Tuesday, April 29th.
View Our Latest Stock Analysis on Alliance Resource Partners
Alliance Resource Partners Company Profile
(
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.
Featured Articles
Before you consider Alliance Resource Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alliance Resource Partners wasn't on the list.
While Alliance Resource Partners currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
