Inscription Capital LLC Acquires Shares of 13,052 Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Inscription Capital LLC bought a new position in shares of 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 institutional investor bought 13,052 shares of the energy company's stock, valued at approximately $356,000.

Several other large investors also recently modified their holdings of the stock. AlphaCore Capital LLC lifted its position in Alliance Resource Partners by 2.6% during the fourth quarter. AlphaCore Capital LLC now owns 17,647 shares of the energy company's stock worth $464,000 after purchasing an additional 444 shares during the period. Virtus ETF Advisers LLC raised its position in shares of Alliance Resource Partners by 7.6% in the 4th quarter. Virtus ETF Advisers LLC now owns 7,278 shares of the energy company's stock valued at $191,000 after buying an additional 511 shares in the last quarter. Farther Finance Advisors LLC lifted 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 worth $26,000 after acquiring an additional 739 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Alliance Resource Partners during the 4th quarter worth approximately $26,000. Finally, Geode Capital Management LLC boosted its position in shares of Alliance Resource Partners by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 120,294 shares of the energy company's stock worth $3,163,000 after acquiring an additional 1,200 shares in the last quarter. 18.11% of the stock is owned by institutional investors and hedge funds.

Alliance Resource Partners Stock Down 0.8%

ARLP stock opened at $26.14 on Thursday. The firm has a 50-day moving average price of $26.39 and a 200-day moving average price of $26.49. Alliance Resource Partners, L.P. has a 12 month low of $22.18 and a 12 month high of $30.56. The company has a current ratio of 1.93, a quick ratio of 1.37 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.36 billion, a P/E ratio of 12.33 and a beta of 0.56.

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 the consensus estimate of $0.63 by ($0.03). The company 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, equities research analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.71%. 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 have weighed in on the company. Wall Street Zen upgraded Alliance Resource Partners from a "hold" rating to a "buy" rating in a research note on Sunday, May 4th. Benchmark reissued a "buy" rating and set a $29.00 price target on shares of Alliance Resource Partners in a 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.

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