Orvieto Partners L.P. Purchases Shares of 78,744 Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Orvieto Partners L.P. purchased a new stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 78,744 shares of the energy company's stock, valued at approximately $2,070,000. Alliance Resource Partners accounts for approximately 1.7% of Orvieto Partners L.P.'s portfolio, making the stock its 22nd largest position. Orvieto Partners L.P. owned 0.06% of Alliance Resource Partners at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ARLP. IHT Wealth Management LLC purchased a new position in Alliance Resource Partners in the fourth quarter worth about $293,000. Tower Research Capital LLC TRC raised its holdings in Alliance Resource Partners by 223.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,406 shares of the energy company's stock worth $90,000 after buying an additional 2,353 shares during the last quarter. XTX Topco Ltd purchased a new position in Alliance Resource Partners in the fourth quarter worth about $238,000. Mariner LLC raised its holdings in Alliance Resource Partners by 48.1% in the fourth quarter. Mariner LLC now owns 15,701 shares of the energy company's stock worth $413,000 after buying an additional 5,100 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC raised its holdings in Alliance Resource Partners by 21.3% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 30,280 shares of the energy company's stock worth $796,000 after buying an additional 5,312 shares during the last quarter. 18.11% of the stock is owned by hedge funds and other institutional investors.

Alliance Resource Partners Stock Performance

Shares of NASDAQ ARLP traded down $0.33 during midday trading on Tuesday, hitting $26.98. 168,964 shares of the stock traded hands, compared to its average volume of 372,406. The firm has a 50-day moving average of $26.20 and a two-hundred day moving average of $26.54. The firm has a market capitalization of $3.47 billion, a P/E ratio of 9.79 and a beta of 0.62. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. Alliance Resource Partners, L.P. has a one year low of $21.55 and a one year high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The energy company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). The firm had revenue of $540.47 million for the quarter, compared to the consensus estimate of $556.31 million. Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. On average, equities analysts forecast that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 10.38%. Alliance Resource Partners's dividend payout ratio is currently 101.45%.

Analysts Set New Price Targets

ARLP has been the subject of several recent analyst reports. StockNews.com cut shares of Alliance Resource Partners from a "buy" rating to a "hold" rating in a report on Saturday. Benchmark reissued a "buy" rating and set a $29.00 price objective on shares of Alliance Resource Partners in a report on Tuesday.

Insider Buying and Selling

In related news, SVP Timothy J. Whelan sold 50,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.13, for a total value of $1,256,500.00. Following the transaction, the senior vice president now directly owns 93,850 shares of the company's stock, valued at approximately $2,358,450.50. This trade represents a 34.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.80% of the stock is owned by insiders.

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.