MGO One Seven LLC Purchases New Stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Key Points

• MGO One Seven LLC has acquired a new stake in Alliance Resource Partners, L.P., purchasing 228,014 shares valued at approximately $6.22 million.
• Despite a recent 3.4% decline in share price, several analysts have upgraded their ratings, with Wall Street Zen raising Alliance Resource Partners from a "hold" to a "buy" rating.
• The company's quarterly earnings report indicated earnings per share of $0.55, missing estimates, and it also announced a quarterly dividend of $0.60 per share, resulting in a high dividend payout ratio of 132.08%.

MGO One Seven LLC bought a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 228,014 shares of the energy company's stock, valued at approximately $6,220,000. MGO One Seven LLC owned about 0.18% of Alliance Resource Partners at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ARLP. Farther Finance Advisors LLC raised its holdings in Alliance Resource Partners by 321.3% during the 1st quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company's stock worth $26,000 after buying an additional 739 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Alliance Resource Partners by 223.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,406 shares of the energy company's stock valued at $90,000 after buying an additional 2,353 shares in the last quarter. First United Bank & Trust bought a new position in shares of Alliance Resource Partners in the first quarter valued at $94,000. State of Wyoming bought a new position in shares of Alliance Resource Partners in the fourth quarter valued at $105,000. Finally, Hills Bank & Trust Co bought a new position in shares of Alliance Resource Partners in the first quarter valued at $124,000. Institutional investors own 18.11% of the company's stock.

Analyst Upgrades and Downgrades

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

Alliance Resource Partners Stock Performance

Shares of ARLP traded up $0.11 during midday trading on Monday, reaching $26.70. 99,718 shares of the stock were exchanged, compared to its average volume of 366,910. The stock's 50 day simple moving average is $26.41 and its 200 day simple moving average is $26.54. The company has a market cap of $3.43 billion, a P/E ratio of 14.75 and a beta of 0.56. Alliance Resource Partners, L.P. has a twelve month low of $22.18 and a twelve month high of $30.56. The company has a quick ratio of 1.37, a current ratio of 1.93 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last announced its earnings results on Monday, July 28th. The energy company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 14.16%. On average, sell-side 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 will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend is Thursday, August 7th. Alliance Resource Partners's payout ratio is presently 132.60%.

About Alliance Resource Partners

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.