13,052 Shares in Alliance Resource Partners, L.P. (NASDAQ:ARLP) Acquired by Inscription Capital LLC

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

A number of other institutional investors have also recently modified their holdings of the stock. AlphaCore Capital LLC lifted its holdings in shares of Alliance Resource Partners by 2.6% during the 4th quarter. AlphaCore Capital LLC now owns 17,647 shares of the energy company's stock worth $464,000 after acquiring an additional 444 shares during the period. Virtus ETF Advisers LLC lifted its stake in Alliance Resource Partners by 7.6% during the fourth quarter. Virtus ETF Advisers LLC now owns 7,278 shares of the energy company's stock worth $191,000 after purchasing an additional 511 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Alliance Resource Partners by 321.3% during the first quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company's stock worth $26,000 after purchasing an additional 739 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Alliance Resource Partners during the fourth quarter worth $26,000. Finally, Geode Capital Management LLC lifted its stake in Alliance Resource Partners by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 120,294 shares of the energy company's stock worth $3,163,000 after purchasing an additional 1,200 shares during the last quarter. 18.11% of the stock is currently owned by institutional investors.

Alliance Resource Partners Price Performance

Shares of ARLP stock traded down $0.15 on Friday, reaching $25.99. The company had a trading volume of 491,043 shares, compared to its average volume of 341,880. The stock has a market capitalization of $3.34 billion, a PE ratio of 12.26 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. The business's 50-day moving average is $26.39 and its 200 day moving average is $26.46. Alliance Resource Partners, L.P. has a one year low of $22.18 and a one year high of $30.56.

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). Alliance Resource Partners had a net margin of 11.84% and a return on equity of 15.77%. The company had revenue of $540.47 million during the quarter, compared to the consensus estimate of $556.31 million. Equities research analysts forecast that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

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 $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.77%. The ex-dividend date was Thursday, May 8th. Alliance Resource Partners's payout ratio is 132.08%.

Analyst Ratings Changes

Several analysts recently weighed in on ARLP shares. Benchmark restated a "buy" rating and set a $29.00 price objective on shares of Alliance Resource Partners in a research report on Tuesday, April 29th. Wall Street Zen upgraded Alliance Resource Partners from a "hold" rating to a "buy" rating in a research report on Sunday, May 4th.

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.