Huntleigh Advisors Inc. Makes New Investment in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Huntleigh Advisors Inc. purchased a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 539,751 shares of the energy company's stock, valued at approximately $14,190,000. Alliance Resource Partners makes up approximately 2.8% of Huntleigh Advisors Inc.'s holdings, making the stock its 6th largest holding. Huntleigh Advisors Inc. owned about 0.42% of Alliance Resource Partners as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Alliance Resource Partners in the 4th quarter valued at $26,000. Farther Finance Advisors LLC boosted its stake in shares of Alliance Resource Partners by 321.3% in 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 in the last quarter. Summit Securities Group LLC boosted its stake in shares of Alliance Resource Partners by 350.0% in 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Alliance Resource Partners by 223.5% in 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 in the last quarter. Finally, First United Bank & Trust acquired a new stake in shares of Alliance Resource Partners in the 1st quarter valued at $94,000. Institutional investors and hedge funds own 18.11% of the company's stock.

Alliance Resource Partners Price Performance

Shares of Alliance Resource Partners stock traded up $0.14 during trading on Monday, reaching $26.72. The company's stock had a trading volume of 170,561 shares, compared to its average volume of 338,734. The stock has a 50-day moving average price of $26.16 and a two-hundred day moving average price of $26.45. The company has a current ratio of 1.93, a quick ratio of 1.37 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a one year low of $22.18 and a one year high of $30.56. The stock has a market capitalization of $3.43 billion, a P/E ratio of 12.60 and a beta of 0.54.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.03). The business had revenue of $540.47 million during the quarter, compared to the consensus estimate of $556.31 million. Alliance Resource Partners had a net margin of 11.84% and a return on equity of 15.77%. As a group, sell-side analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal 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 given a dividend of $0.70 per share. The ex-dividend date was Thursday, May 8th. This represents a $2.80 dividend on an annualized basis and a yield of 10.48%. Alliance Resource Partners's payout ratio is presently 132.08%.

Analyst Ratings Changes

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

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.