Fort Sheridan Advisors LLC Acquires New Shares in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Fort Sheridan Advisors LLC purchased a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,375 shares of the energy company's stock, valued at approximately $365,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ARLP. Steward Partners Investment Advisory LLC purchased a new stake in Alliance Resource Partners during the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC increased its stake in Alliance Resource Partners by 321.3% during the 1st quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company's stock worth $26,000 after buying an additional 739 shares in the last quarter. Summit Securities Group LLC increased its stake in Alliance Resource Partners by 350.0% during the 4th quarter. Summit Securities Group LLC now owns 1,800 shares of the energy company's stock worth $47,000 after buying an additional 1,400 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Alliance Resource Partners by 223.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,406 shares of the energy company's stock worth $90,000 after buying an additional 2,353 shares in the last quarter. Finally, First United Bank & Trust purchased a new stake in Alliance Resource Partners during the 1st quarter worth approximately $94,000. Hedge funds and other institutional investors own 18.11% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wall Street Zen upgraded Alliance Resource Partners from a "hold" rating to a "buy" rating in a research note on Sunday, May 4th. Benchmark restated a "buy" rating and set a $29.00 target price on shares of Alliance Resource Partners in a report on Tuesday, April 29th.

Alliance Resource Partners Price Performance

Shares of Alliance Resource Partners stock traded up $0.08 on Wednesday, hitting $27.02. 220,418 shares of the company were exchanged, compared to its average volume of 335,726. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 12.75 and a beta of 0.54. The company has a 50-day moving average price of $26.16 and a 200 day moving average price of $26.50. Alliance Resource Partners, L.P. has a 1-year low of $22.18 and a 1-year high of $30.56. The company has a quick ratio of 1.37, a current ratio of 1.93 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its earnings results on Monday, April 28th. The energy company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). The company had revenue of $540.47 million for the quarter, compared to analyst estimates of $556.31 million. Alliance Resource Partners had a return on equity of 15.77% and a net margin of 11.84%. As a group, sell-side analysts predict 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. Stockholders of record on Thursday, May 8th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 10.36%. The ex-dividend date of this dividend was Thursday, May 8th. Alliance Resource Partners's dividend payout ratio is currently 132.08%.

Alliance Resource Partners Company Profile

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.