U S Global Investors Inc. Invests $382,000 in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

U S Global Investors Inc. bought a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,000 shares of the energy company's stock, valued at approximately $382,000.

Other large investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of Alliance Resource Partners during the 4th quarter valued at about $26,000. Farther Finance Advisors LLC raised its holdings in shares of Alliance Resource Partners by 321.3% during the 1st quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company's stock valued at $26,000 after buying an additional 739 shares during the period. Summit Securities Group LLC raised its holdings in shares of Alliance Resource Partners by 350.0% during the 4th quarter. Summit Securities Group LLC now owns 1,800 shares of the energy company's stock valued at $47,000 after buying an additional 1,400 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Alliance Resource Partners by 223.5% during the 4th 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 during the period. Finally, First United Bank & Trust purchased a new stake in shares of Alliance Resource Partners during the 1st quarter valued at about $94,000. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on ARLP. Wall Street Zen upgraded Alliance Resource Partners from a "hold" rating to a "buy" rating in a report on Sunday, May 4th. Benchmark reiterated a "buy" rating and set a $29.00 target price on shares of Alliance Resource Partners in a report on Tuesday, April 29th.

Alliance Resource Partners Stock Up 0.4%

NASDAQ ARLP traded up $0.11 during mid-day trading on Friday, reaching $25.54. 136,279 shares of the company's stock traded hands, compared to its average volume of 341,672. Alliance Resource Partners, L.P. has a 1-year low of $22.18 and a 1-year high of $30.56. The company has a fifty day simple moving average of $26.26 and a 200-day simple moving average of $26.44. The company has a current ratio of 1.93, a quick ratio of 1.37 and a debt-to-equity ratio of 0.24. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 12.05 and a beta of 0.56.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The energy company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.03). The business had revenue of $540.47 million for the quarter, compared to analyst estimates of $556.31 million. Alliance Resource Partners had a net margin of 11.84% and a return on equity of 15.77%. As a group, equities research analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were given a $0.70 dividend. The ex-dividend date was Thursday, May 8th. This represents a $2.80 annualized dividend and a dividend yield of 10.96%. Alliance Resource Partners's payout ratio is 132.08%.

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.