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

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

Several other institutional investors have also recently added to or reduced their stakes in the business. Vista Investment Partners LLC raised its holdings in shares of Alliance Resource Partners by 4.6% during the first quarter. Vista Investment Partners LLC now owns 363,672 shares of the energy company's stock valued at $9,921,000 after purchasing an additional 16,041 shares during the period. Inscription Capital LLC acquired a new stake in shares of Alliance Resource Partners in the 1st quarter valued at about $356,000. Exchange Traded Concepts LLC increased its position in Alliance Resource Partners by 39.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 101,131 shares of the energy company's stock valued at $2,759,000 after buying an additional 28,608 shares in the last quarter. GraniteShares Advisors LLC raised its stake in Alliance Resource Partners by 6.5% during the 1st quarter. GraniteShares Advisors LLC now owns 100,935 shares of the energy company's stock worth $2,754,000 after buying an additional 6,120 shares during the period. Finally, First United Bank & Trust bought a new position in Alliance Resource Partners in the first quarter worth approximately $94,000. 18.11% of the stock is owned by institutional investors and hedge funds.

Alliance Resource Partners Stock Down 0.6%

Shares of ARLP traded down $0.15 on Friday, reaching $25.99. The company's stock had a trading volume of 491,027 shares, compared to its average volume of 342,229. 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 twelve month low of $22.18 and a twelve month high of $30.56. The stock has a market capitalization of $3.34 billion, a PE ratio of 12.26 and a beta of 0.56. The firm has a fifty day moving average of $26.39 and a 200-day moving average of $26.48.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $540.47 million for the quarter, compared to the consensus estimate of $556.31 million. Alliance Resource Partners had a return on equity of 15.77% and a net margin of 11.84%. Equities analysts predict that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $2.80 annualized dividend and a yield of 10.77%. Alliance Resource Partners's dividend payout ratio (DPR) is currently 132.08%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded Alliance Resource Partners from a "hold" rating to a "buy" rating in a report on Sunday, May 4th. Benchmark reissued 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.