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 Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) during the 1st quarter, according to the company in 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 hedge funds and other institutional investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. purchased a new position in Alliance Resource Partners in the 4th quarter worth approximately $495,000. Cobblestone Capital Advisors LLC NY bought a new stake in shares of Alliance Resource Partners in the 4th quarter worth $283,000. Meridian Wealth Management LLC purchased a new position in shares of Alliance Resource Partners in the fourth quarter worth $202,000. Steward Partners Investment Advisory LLC bought a new position in shares of Alliance Resource Partners during the fourth quarter valued at $26,000. Finally, Disciplined Investments LLC boosted its position in shares of Alliance Resource Partners by 2.6% during the fourth quarter. Disciplined Investments LLC now owns 59,984 shares of the energy company's stock valued at $1,577,000 after buying an additional 1,509 shares during the last quarter. Institutional investors own 18.11% of the company's stock.

Wall Street Analyst Weigh In

ARLP has been the subject of several research analyst reports. Benchmark reiterated a "buy" rating and issued a $29.00 price objective on shares of Alliance Resource Partners in a report on Tuesday, April 29th. Wall Street Zen raised shares of Alliance Resource Partners from a "hold" rating to a "buy" rating in a report on Sunday, May 4th.

Alliance Resource Partners Stock Performance

ARLP traded down $0.31 during mid-day trading on Tuesday, reaching $25.83. 211,393 shares of the company traded hands, compared to its average volume of 340,712. The stock has a market capitalization of $3.32 billion, a P/E ratio of 12.18 and a beta of 0.56. The company has a quick ratio of 1.37, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The company's fifty day moving average price is $26.24 and its 200-day moving average price is $26.43. Alliance Resource Partners, L.P. has a 52-week low of $22.18 and a 52-week high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last announced its earnings results on Monday, April 28th. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). Alliance Resource Partners had a net margin of 11.84% and a return on equity of 15.77%. The business had revenue of $540.47 million for the quarter, compared to the consensus estimate of $556.31 million. On average, sell-side analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current year.

Alliance Resource Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.84%. The ex-dividend date of this dividend was Thursday, May 8th. Alliance Resource Partners's dividend payout ratio (DPR) is 132.08%.

Alliance Resource Partners 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.