Inspire Investing LLC Makes New Investment in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Inspire Investing LLC bought a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the second quarter, HoldingsChannel.com reports. The firm bought 32,288 shares of the energy company’s stock, valued at approximately $790,000.

A number of other institutional investors also recently bought and sold shares of ARLP. Avantax Advisory Services Inc. boosted its position in Alliance Resource Partners by 54.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,285 shares of the energy company’s stock worth $303,000 after purchasing an additional 5,010 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Alliance Resource Partners by 20.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 19,567 shares of the energy company’s stock valued at $414,000 after acquiring an additional 3,364 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Alliance Resource Partners in the fourth quarter valued at $182,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Alliance Resource Partners in the fourth quarter valued at $42,000. Finally, Pinnacle Holdings LLC lifted its position in shares of Alliance Resource Partners by 8.9% in the fourth quarter. Pinnacle Holdings LLC now owns 133,007 shares of the energy company’s stock valued at $2,817,000 after acquiring an additional 10,843 shares in the last quarter. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ARLP has been the topic of several recent research reports. Benchmark upped their price objective on Alliance Resource Partners from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. StockNews.com downgraded Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 31st.

Alliance Resource Partners Stock Performance

NASDAQ ARLP opened at $24.30 on Friday. The business’s 50-day moving average price is $23.97 and its 200 day moving average price is $22.87. Alliance Resource Partners, L.P. has a twelve month low of $18.32 and a twelve month high of $26.21. The company has a market capitalization of $3.11 billion, a PE ratio of 5.21 and a beta of 1.13. The company has a current ratio of 2.53, a quick ratio of 1.80 and a debt-to-equity ratio of 0.24.

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

Alliance Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $2.80 annualized dividend and a yield of 11.52%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 61.27%.

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.