Huntleigh Advisors Inc. Buys Shares of 539,751 Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Huntleigh Advisors Inc. bought a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 539,751 shares of the energy company's stock, valued at approximately $14,190,000. Alliance Resource Partners accounts for 8.6% of Huntleigh Advisors Inc.'s investment portfolio, making the stock its 4th largest holding. Huntleigh Advisors Inc. owned about 0.42% of Alliance Resource Partners at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ARLP. Callahan Advisors LLC bought a new stake in shares of Alliance Resource Partners during the 4th quarter worth $368,000. Concurrent Investment Advisors LLC raised its stake in shares of Alliance Resource Partners by 28.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 26,710 shares of the energy company's stock worth $702,000 after purchasing an additional 5,969 shares during the period. MONECO Advisors LLC bought a new stake in shares of Alliance Resource Partners during the 4th quarter worth $201,000. GraniteShares Advisors LLC bought a new stake in shares of Alliance Resource Partners during the 4th quarter worth $2,493,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Alliance Resource Partners during the 4th quarter worth $495,000. 18.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on ARLP. Benchmark reiterated a "buy" rating and set a $29.00 target price on shares of Alliance Resource Partners in a research note on Tuesday, April 29th. Wall Street Zen upgraded Alliance Resource Partners from a "hold" rating to a "buy" rating in a research note on Sunday, May 4th.

Alliance Resource Partners Stock Performance

ARLP traded down $0.22 during trading hours on Thursday, hitting $26.14. The stock had a trading volume of 227,562 shares, compared to its average volume of 341,634. The company's fifty day simple moving average is $26.39 and its 200 day simple moving average is $26.48. Alliance Resource Partners, L.P. has a 1 year low of $22.18 and a 1 year high of $30.56. The stock has a market cap of $3.36 billion, a PE ratio of 12.33 and a beta of 0.56. 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 announced its quarterly earnings data 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). Alliance Resource Partners had a return on equity of 15.77% and a net margin of 11.84%. The firm had revenue of $540.47 million during the quarter, compared to analysts' expectations of $556.31 million. Equities analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 10.71%. The ex-dividend date of this dividend was Thursday, May 8th. Alliance Resource Partners's dividend payout ratio (DPR) is currently 132.08%.

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.