MGO One Seven LLC Grows Stake in Alliance Resource Partners, L.P. $ARLP

Key Points

• MGO One Seven LLC increased its stake in Alliance Resource Partners, L.P. by 10.4%, holding approximately $6.58 million in its shares after acquiring 23,691 additional shares in the second quarter.
• In the first quarter, several institutional investors also contributed to Alliance Resource Partners, including Crescent Grove Advisors LLC, which raised its stake by 62.3%.
• The company recently missed earnings expectations for the quarter with an EPS of $0.55, and its dividend payout ratio stands at a high 132.60%.

MGO One Seven LLC grew its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 10.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 251,705 shares of the energy company's stock after buying an additional 23,691 shares during the quarter. MGO One Seven LLC owned approximately 0.20% of Alliance Resource Partners worth $6,580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Huntleigh Advisors Inc. purchased a new stake in shares of Alliance Resource Partners in the 1st quarter worth about $14,190,000. Crescent Grove Advisors LLC lifted its holdings in Alliance Resource Partners by 62.3% in the first quarter. Crescent Grove Advisors LLC now owns 199,454 shares of the energy company's stock worth $5,441,000 after buying an additional 76,585 shares during the period. Inspire Investing LLC purchased a new position in shares of Alliance Resource Partners in the 1st quarter valued at approximately $790,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in shares of Alliance Resource Partners by 38.9% in the 1st quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 250,000 shares of the energy company's stock valued at $6,820,000 after purchasing an additional 70,000 shares during the period. Finally, Inscription Capital LLC purchased a new position in Alliance Resource Partners during the first quarter valued at $356,000. Hedge funds and other institutional investors own 18.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Alliance Resource Partners in a research report on Wednesday, October 8th. Alliance Global Partners assumed coverage on Alliance Resource Partners in a research report on Wednesday, September 24th. They issued a "buy" rating for the company. Finally, Industrial Alliance Securities set a $30.00 price objective on shares of Alliance Resource Partners in a report on Wednesday, September 24th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.50.

Alliance Resource Partners Price Performance

Shares of ARLP stock opened at $25.05 on Monday. The stock has a fifty day simple moving average of $24.12 and a two-hundred day simple moving average of $25.65. 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 stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 13.84 and a beta of 0.51. Alliance Resource Partners, L.P. has a twelve month low of $22.20 and a twelve month high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its quarterly 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 during the quarter, compared to analysts' expectations of $583.57 million. On average, analysts predict that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.6%. 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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