Exchange Traded Concepts LLC lifted its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 22.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 123,456 shares of the energy company's stock after purchasing an additional 22,325 shares during the quarter. Exchange Traded Concepts LLC owned 0.10% of Alliance Resource Partners worth $3,227,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ARLP. Wealth Enhancement Advisory Services LLC raised its holdings in Alliance Resource Partners by 3.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,850 shares of the energy company's stock worth $315,000 after purchasing an additional 380 shares during the last quarter. Adams Asset Advisors LLC boosted its position in Alliance Resource Partners by 1.4% in the second quarter. Adams Asset Advisors LLC now owns 334,845 shares of the energy company's stock worth $8,753,000 after purchasing an additional 4,778 shares during the last quarter. Inspire Investing LLC purchased a new position in Alliance Resource Partners in the first quarter valued at about $790,000. Integrity Alliance LLC. bought a new stake in shares of Alliance Resource Partners in the first quarter valued at $928,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Alliance Resource Partners by 74.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 494,872 shares of the energy company's stock valued at $13,500,000 after buying an additional 210,644 shares in the last quarter. Institutional investors own 18.11% of the company's stock.
Alliance Resource Partners Price Performance
Alliance Resource Partners stock traded down $0.25 during mid-day trading on Friday, hitting $23.68. 289,113 shares of the company traded hands, compared to its average volume of 353,426. Alliance Resource Partners, L.P. has a one year low of $22.20 and a one year high of $30.56. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 13.08 and a beta of 0.58. The stock has a fifty day moving average price of $24.82 and a 200-day moving average price of $25.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.37 and a current ratio of 1.96.
Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last posted its earnings results on Monday, July 28th. The energy company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.06). The firm had revenue of $547.46 million for the quarter, compared to analysts' expectations of $583.57 million. Alliance Resource Partners had a return on equity of 14.27% and a net margin of 10.30%. On average, equities analysts predict that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.
Alliance Resource Partners Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 10.1%. Alliance Resource Partners's payout ratio is currently 132.60%.
Alliance Resource Partners 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.
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