Orion Investment Co Takes Position in Alliance Resource Partners, L.P. $ARLP

Key Points

• Orion Investment Co has acquired a new stake in Alliance Resource Partners, L.P. with an investment of approximately $677,000 for 24,800 shares during Q1.
• Wall Street analysts have upgraded Alliance Resource Partners from a "hold" to a "buy" rating, with a consensus price target of $29.00.
• The company recently reported a quarterly earnings miss, earning $0.55 per share against the expected $0.61, alongside a dividend of $0.60 per share despite a high payout ratio of 132.60%.

Orion Investment Co purchased a new stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,800 shares of the energy company's stock, valued at approximately $677,000.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position 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 purchasing an additional 739 shares in the last quarter. SVB Wealth LLC purchased a new stake in Alliance Resource Partners during the first quarter valued at about $32,000. Wealth Preservation Advisors LLC purchased a new stake in Alliance Resource Partners during the first quarter valued at about $36,000. Tower Research Capital LLC TRC raised its position in Alliance Resource Partners by 223.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,406 shares of the energy company's stock valued at $90,000 after purchasing an additional 2,353 shares in the last quarter. Finally, First United Bank & Trust purchased a new stake in Alliance Resource Partners during the first quarter valued at about $94,000. Hedge funds and other institutional investors own 18.11% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Alliance Resource Partners from a "hold" rating to a "buy" rating in a research note on Sunday, May 4th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $29.00.

Alliance Resource Partners Stock Down 0.1%

Alliance Resource Partners stock traded down $0.03 during trading hours on Monday, hitting $23.01. 874,182 shares of the stock traded hands, compared to its average volume of 466,058. The firm's 50-day moving average price is $25.75 and its two-hundred day moving average price is $26.06. 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 market cap of $2.96 billion, a PE ratio of 12.71 and a beta of 0.58. Alliance Resource Partners, L.P. has a one year low of $22.30 and a one year high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last posted 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). The firm had revenue of $547.46 million for 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 14.27%. On average, research analysts forecast that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend was Thursday, August 7th. Alliance Resource Partners's 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.