Kingstone Capital Partners Texas LLC Takes Position in Alliance Resource Partners, L.P. $ARLP

Key Points

• Kingstone Capital Partners Texas LLC has acquired a new stake in Alliance Resource Partners, L.P., purchasing 682,740 shares valued at approximately $17.8 million, representing a 0.53% ownership in the company.
• Alliance Resource Partners reported a loss in earnings per share for the most recent quarter, coming in at $0.55, below the consensus estimate of $0.61, with revenue also falling short of expectations.
• The company recently declared a quarterly dividend of $0.60 per share, which signifies an annualized yield of 10.1%, although its payout ratio is currently at 132.6%.

Kingstone Capital Partners Texas LLC bought a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 682,740 shares of the energy company's stock, valued at approximately $17,847,000. Kingstone Capital Partners Texas LLC owned 0.53% of Alliance Resource Partners as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC raised its stake in shares of Alliance Resource Partners by 22.1% in the second quarter. Exchange Traded Concepts LLC now owns 123,456 shares of the energy company's stock worth $3,227,000 after purchasing an additional 22,325 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Alliance Resource Partners by 3.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,850 shares of the energy company's stock valued at $315,000 after purchasing an additional 380 shares in the last quarter. Adams Asset Advisors LLC increased its stake in shares of Alliance Resource Partners by 1.4% during the second quarter. Adams Asset Advisors LLC now owns 334,845 shares of the energy company's stock worth $8,753,000 after purchasing an additional 4,778 shares in the last quarter. Inspire Investing LLC acquired a new position in shares of Alliance Resource Partners in the 1st quarter valued at $790,000. Finally, Integrity Alliance LLC. purchased a new position in Alliance Resource Partners during the 1st quarter valued at about $928,000. 18.11% of the stock is owned by institutional investors.

Alliance Resource Partners Price Performance

ARLP stock traded down $0.25 during trading on Friday, hitting $23.68. The company had a trading volume of 289,113 shares, compared to its average volume of 353,426. The business has a 50 day moving average of $24.82 and a 200 day moving average of $25.73. Alliance Resource Partners, L.P. has a fifty-two week low of $22.20 and a fifty-two week high of $30.56. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 13.08 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.

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

Alliance Resource Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date was Thursday, August 7th. Alliance Resource Partners's dividend payout ratio (DPR) is 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.