Inspire Investing LLC Takes Position 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 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 disclosure with the Securities & Exchange Commission. The institutional investor bought 28,944 shares of the energy company's stock, valued at approximately $790,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ARLP. Farther Finance Advisors LLC increased its holdings 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 valued at $26,000 after buying an additional 739 shares during the last quarter. SVB Wealth LLC purchased a new stake in Alliance Resource Partners during the first quarter valued at approximately $32,000. Wealth Preservation Advisors LLC purchased a new stake in Alliance Resource Partners during the first quarter valued at approximately $36,000. First United Bank & Trust purchased a new stake in Alliance Resource Partners during the first quarter valued at approximately $94,000. Finally, State of Wyoming purchased a new stake in Alliance Resource Partners during the fourth quarter valued at approximately $105,000. 18.11% of the stock is owned by hedge funds and other institutional investors.

Alliance Resource Partners Stock Up 1.0%

Shares of ARLP stock opened at $22.76 on Friday. Alliance Resource Partners, L.P. has a 12 month low of $22.20 and a 12 month high of $30.56. The stock has a market cap of $2.92 billion, a P/E ratio of 12.57 and a beta of 0.58. The company has a current ratio of 1.96, a quick ratio of 1.37 and a debt-to-equity ratio of 0.24. The company has a 50 day simple moving average of $25.13 and a two-hundred day simple moving average of $25.80.

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

Alliance Resource Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend was Thursday, August 7th. Alliance Resource Partners's dividend payout ratio is currently 132.60%.

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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