Hourglass Capital LLC Buys Shares of 15,000 Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Hourglass Capital LLC bought a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 15,000 shares of the energy company's stock, valued at approximately $409,000.

A number of other hedge funds also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC bought a new stake in shares of Alliance Resource Partners during the 4th quarter valued at approximately $26,000. Farther Finance Advisors LLC grew its holdings in shares of Alliance Resource Partners by 321.3% during the 1st quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company's stock valued at $26,000 after purchasing an additional 739 shares during the last quarter. Summit Securities Group LLC grew its holdings in shares of 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 valued at $47,000 after purchasing an additional 1,400 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of 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 valued at $90,000 after purchasing an additional 2,353 shares during the last quarter. Finally, First United Bank & Trust bought a new stake in shares of Alliance Resource Partners during the 1st quarter valued at approximately $94,000. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Alliance Resource Partners Trading Up 0.5%

ARLP opened at $26.72 on Tuesday. Alliance Resource Partners, L.P. has a fifty-two week low of $22.18 and a fifty-two week high of $30.56. 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 firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 12.60 and a beta of 0.54. The company's 50 day moving average price is $26.16 and its two-hundred day moving average price is $26.45.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last posted its earnings results on Monday, April 28th. The energy company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $540.47 million for the quarter, compared to the consensus estimate of $556.31 million. As a group, research analysts predict that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 10.48%. The ex-dividend date was Thursday, May 8th. Alliance Resource Partners's payout ratio is 132.08%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ARLP shares. Benchmark reaffirmed a "buy" rating and set a $29.00 price target on shares of Alliance Resource Partners in a report on Tuesday, April 29th. Wall Street Zen raised shares of Alliance Resource Partners from a "hold" rating to a "buy" rating in a 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.

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