Exchange Traded Concepts LLC Raises Stock Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Exchange Traded Concepts LLC boosted its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 39.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 101,131 shares of the energy company's stock after purchasing an additional 28,608 shares during the period. Exchange Traded Concepts LLC owned approximately 0.08% of Alliance Resource Partners worth $2,759,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Progeny 3 Inc. boosted its stake in shares of Alliance Resource Partners by 1.3% during the fourth quarter. Progeny 3 Inc. now owns 2,942,211 shares of the energy company's stock worth $77,351,000 after buying an additional 38,030 shares during the period. JPMorgan Chase & Co. raised its stake in Alliance Resource Partners by 2.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,815,453 shares of the energy company's stock valued at $47,728,000 after acquiring an additional 44,636 shares during the last quarter. Recurrent Investment Advisors LLC lifted its position in Alliance Resource Partners by 0.5% during the 4th quarter. Recurrent Investment Advisors LLC now owns 1,151,070 shares of the energy company's stock worth $30,262,000 after acquiring an additional 5,925 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Alliance Resource Partners in the 4th quarter valued at approximately $14,564,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Alliance Resource Partners by 4.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,228 shares of the energy company's stock valued at $7,472,000 after purchasing an additional 13,316 shares during the last quarter. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Alliance Resource Partners Stock Performance

NASDAQ:ARLP traded down $0.18 during mid-day trading on Friday, reaching $25.96. The stock had a trading volume of 238,845 shares, compared to its average volume of 341,498. Alliance Resource Partners, L.P. has a twelve month low of $22.18 and a twelve month high of $30.56. The business has a 50 day simple moving average of $26.39 and a 200 day simple moving average of $26.48. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 12.28 and a beta of 0.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.37 and a current ratio of 1.93.

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 the consensus estimate of $0.63 by ($0.03). Alliance Resource Partners had a net margin of 11.84% and a return on equity of 15.77%. The business had revenue of $540.47 million during the quarter, compared to analyst estimates of $556.31 million. On average, analysts expect that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were given a dividend of $0.70 per share. The ex-dividend date was Thursday, May 8th. This represents a $2.80 annualized dividend and a dividend yield of 10.79%. Alliance Resource Partners's payout ratio is currently 132.08%.

Analyst Upgrades and Downgrades

ARLP has been the subject of several analyst reports. Benchmark restated a "buy" rating and set a $29.00 price target on shares of Alliance Resource Partners in a research note on Tuesday, April 29th. Wall Street Zen upgraded shares of Alliance Resource Partners from a "hold" rating to a "buy" rating in a research report on Sunday, May 4th.

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.