Tweedy Browne Co LLC Acquires 10,722 Shares of Alliance Resource Partners, L.P. $ARLP

Key Points

• Tweedy Browne Co LLC has increased its holdings in Alliance Resource Partners by 122.5% during the second quarter, acquiring an additional 10,722 shares and raising its total to 19,477 shares valued at approximately $509,000.
• Alliance Resource Partners' recent quarterly earnings fell short of estimates, reporting $0.55 EPS on revenues of $547.46 million, missing forecasts of $0.61 EPS and $583.57 million respectively.
• The company cut its dividend to $0.60 per share, equating to an annualized payment of $2.40, reflecting a high dividend payout ratio of 132.60%.

Tweedy Browne Co LLC grew its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 122.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,477 shares of the energy company's stock after purchasing an additional 10,722 shares during the quarter. Tweedy Browne Co LLC's holdings in Alliance Resource Partners were worth $509,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. MCF Advisors LLC grew its holdings in Alliance Resource Partners by 37.7% during the second quarter. MCF Advisors LLC now owns 1,377 shares of the energy company's stock valued at $36,000 after purchasing an additional 377 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Alliance Resource Partners by 3.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,850 shares of the energy company's stock worth $315,000 after purchasing an additional 380 shares during the period. Concurrent Investment Advisors LLC boosted its position in shares of Alliance Resource Partners by 1.7% during the second quarter. Concurrent Investment Advisors LLC now owns 30,476 shares of the energy company's stock worth $797,000 after purchasing an additional 501 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Alliance Resource Partners by 321.3% during the first quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company's stock worth $26,000 after purchasing an additional 739 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Alliance Resource Partners by 4.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 27,903 shares of the energy company's stock valued at $761,000 after buying an additional 1,070 shares during the period. 18.11% of the stock is currently owned by institutional investors.

Alliance Resource Partners Trading Down 0.4%

Shares of NASDAQ:ARLP opened at $24.49 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.96 and a quick ratio of 1.37. The company's 50-day moving average price is $24.02 and its two-hundred day moving average price is $25.61. The stock has a market capitalization of $3.15 billion, a PE ratio of 13.53 and a beta of 0.51. Alliance Resource Partners, L.P. has a one year low of $22.20 and a one year high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The energy company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.06). The company had revenue of $547.46 million for the quarter, compared to analyst estimates of $583.57 million. Alliance Resource Partners had a net margin of 10.30% and a return on equity of 14.27%. On average, equities analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.40 annualized dividend and a dividend yield of 9.8%. Alliance Resource Partners's dividend payout ratio (DPR) is currently 132.60%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ARLP. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Alliance Resource Partners in a research note on Wednesday, October 8th. Industrial Alliance Securities set a $30.00 price target on Alliance Resource Partners in a research report on Wednesday, September 24th. Finally, Alliance Global Partners started coverage on Alliance Resource Partners in a research report on Wednesday, September 24th. They issued a "buy" rating for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $29.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.