Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 6.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,969 shares of the energy company’s stock after purchasing an additional 3,612 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Alliance Resource Partners were worth $1,393,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prevail Innovative Wealth Advisors LLC acquired a new position in Alliance Resource Partners in the first quarter valued at approximately $3,566,000. Goldman Sachs Group Inc. lifted its stake in Alliance Resource Partners by 0.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 858,939 shares of the energy company’s stock valued at $18,192,000 after buying an additional 7,870 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in Alliance Resource Partners by 18.4% in the first quarter. J.W. Cole Advisors Inc. now owns 20,102 shares of the energy company’s stock valued at $403,000 after buying an additional 3,131 shares during the last quarter. MONECO Advisors LLC purchased a new stake in Alliance Resource Partners in the second quarter valued at approximately $230,000. Finally, NFC Investments LLC purchased a new stake in Alliance Resource Partners in the fourth quarter valued at approximately $1,123,000. 18.11% of the stock is owned by institutional investors and hedge funds.

Alliance Resource Partners Price Performance

Alliance Resource Partners stock opened at $23.47 on Monday. Alliance Resource Partners, L.P. has a 12 month low of $18.32 and a 12 month high of $26.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.53 and a quick ratio of 1.80. The business has a 50 day simple moving average of $24.06 and a 200-day simple moving average of $22.79. The stock has a market capitalization of $3.01 billion, a PE ratio of 5.14 and a beta of 1.13.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, July 29th. The energy company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.16). The business had revenue of $593.35 million during the quarter, compared to analysts’ expectations of $624.72 million. Alliance Resource Partners had a return on equity of 27.54% and a net margin of 21.04%. During the same quarter in the previous year, the company posted $1.30 EPS. Equities analysts predict that Alliance Resource Partners, L.P. will post 3.56 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 11.93%. The ex-dividend date was Wednesday, August 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is 61.27%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ARLP shares. StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 31st. Benchmark upped their price target on Alliance Resource Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th.

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.