Inspire Investing LLC Invests $790,000 in Alliance Resource Partners, L.P. $ARLP

Key Points

• Inspire Investing LLC purchased a new stake of 28,944 shares in Alliance Resource Partners, L.P. valued at approximately $790,000 in the first quarter.
• Alliance Resource Partners reported earnings per share (EPS) of $0.55 for the last quarter, missing analyst expectations of $0.61.
• The company recently cut its quarterly dividend to $0.60 per share, with a yield of 10.5%, and a dividend payout ratio of 132.60%.

Inspire Investing LLC acquired a new position in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 28,944 shares of the energy company's stock, valued at approximately $790,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARLP. Farther Finance Advisors LLC boosted its stake in Alliance Resource Partners by 321.3% in the first quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company's stock valued at $26,000 after acquiring an additional 739 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Alliance Resource Partners during the 1st quarter valued at $32,000. Wealth Preservation Advisors LLC bought a new position in shares of Alliance Resource Partners during the 1st quarter worth $36,000. First United Bank & Trust bought a new position in shares of Alliance Resource Partners during the 1st quarter worth $94,000. Finally, State of Wyoming purchased a new stake in Alliance Resource Partners in the 4th quarter worth about $105,000. 18.11% of the stock is owned by hedge funds and other institutional investors.

Alliance Resource Partners Stock Performance

NASDAQ ARLP traded up $0.34 during trading on Thursday, hitting $23.91. 169,065 shares of the company's stock traded hands, compared to its average volume of 375,457. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.37 and a current ratio of 1.96. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 13.22 and a beta of 0.58. Alliance Resource Partners, L.P. has a 12-month low of $22.20 and a 12-month high of $30.56. The business has a 50 day moving average of $24.95 and a 200-day moving average of $25.73.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The energy company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.06). The business had revenue of $547.46 million during the quarter, compared to the consensus estimate of $583.57 million. Alliance Resource Partners had a net margin of 10.30% and a return on equity of 14.27%. As a group, equities research analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend was Thursday, August 7th. Alliance Resource Partners's dividend payout ratio (DPR) is presently 132.60%.

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.