Alliance Resource Partners, L.P. $ARLP Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Alliance Resource Partners by 74.1% during the first quarter, owning approximately 0.39% of the company valued at $13.5 million.
• Alliance Resource Partners recently reported disappointing quarterly earnings, with EPS of $0.55, missing estimates by $0.06, and revenue of $547.46 million, below the expected $583.57 million.
• The company has a high dividend payout ratio of 132.60% and recently declared a quarterly dividend of $0.60, representing an annual yield of 10.5%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 74.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 494,872 shares of the energy company's stock after acquiring an additional 210,644 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.39% of Alliance Resource Partners worth $13,500,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. AlphaCore Capital LLC lifted its position in shares of Alliance Resource Partners by 2.6% in the fourth quarter. AlphaCore Capital LLC now owns 17,647 shares of the energy company's stock valued at $464,000 after acquiring an additional 444 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of 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 in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Alliance Resource Partners by 4.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,903 shares of the energy company's stock valued at $761,000 after acquiring an additional 1,070 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Alliance Resource Partners in the first quarter valued at $32,000. Finally, Royal Bank of Canada lifted its position in shares of Alliance Resource Partners by 7.0% in the first quarter. Royal Bank of Canada now owns 19,058 shares of the energy company's stock valued at $519,000 after acquiring an additional 1,254 shares in the last quarter. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

Alliance Resource Partners Price Performance

Shares of NASDAQ:ARLP traded up $0.22 on Friday, hitting $22.76. The company had a trading volume of 237,112 shares, compared to its average volume of 407,185. 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, L.P. has a 52-week low of $22.20 and a 52-week high of $30.56. The business has a 50 day moving average of $25.13 and a 200 day moving average of $25.78. The company has a market cap of $2.92 billion, a PE ratio of 12.57 and a beta of 0.58.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $547.46 million during the quarter, compared to analysts' expectations 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 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 firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 10.5%. The ex-dividend date was Thursday, August 7th. Alliance Resource Partners's dividend payout ratio 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.