Hourglass Capital LLC Takes $409,000 Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

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

A number of other institutional investors also recently modified their holdings of ARLP. Pekin Hardy Strauss Inc. increased its stake in shares of Alliance Resource Partners by 19.8% in the first quarter. Pekin Hardy Strauss Inc. now owns 56,205 shares of the energy company's stock worth $1,533,000 after purchasing an additional 9,300 shares during the period. U.S. Capital Wealth Advisors LLC grew its holdings in Alliance Resource Partners by 6.6% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 64,477 shares of the energy company's stock valued at $1,759,000 after buying an additional 3,977 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in Alliance Resource Partners by 12.2% in the 1st quarter. Concurrent Investment Advisors LLC now owns 29,975 shares of the energy company's stock worth $818,000 after buying an additional 3,265 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Alliance Resource Partners during the first quarter worth approximately $205,000. Finally, Huntleigh Advisors Inc. acquired a new position in shares of Alliance Resource Partners during the first quarter worth approximately $14,190,000. Institutional investors own 18.11% of the company's stock.

Alliance Resource Partners Stock Performance

Alliance Resource Partners stock traded up $0.48 during trading hours on Friday, hitting $27.33. The stock had a trading volume of 257,263 shares, compared to its average volume of 336,671. The company has a 50-day moving average of $26.16 and a two-hundred day moving average of $26.47. 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, L.P. has a fifty-two week low of $22.18 and a fifty-two week high of $30.56. The company has a market cap of $3.51 billion, a PE ratio of 12.89 and a beta of 0.54.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its earnings results on Monday, April 28th. The energy company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.03). The firm had revenue of $540.47 million during the quarter, compared to analyst estimates of $556.31 million. Alliance Resource Partners had a net margin of 11.84% and a return on equity of 15.77%. On average, equities research analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

The business also recently disclosed 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 10.25%. The ex-dividend date of this dividend was Thursday, May 8th. Alliance Resource Partners's payout ratio is 132.08%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ARLP. Wall Street Zen raised shares of Alliance Resource Partners from a "hold" rating to a "buy" rating in a research report on Sunday, May 4th. Benchmark restated a "buy" rating and issued a $29.00 price target on shares of Alliance Resource Partners in a research report on Tuesday, April 29th.

Alliance Resource Partners 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.