Alliance Resource Partners, L.P. (NASDAQ:ARLP) Holdings Cut by Capital Advisors Inc. OK

Capital Advisors Inc. OK reduced its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,024 shares of the energy company’s stock after selling 620 shares during the period. Capital Advisors Inc. OK owned 0.08% of Alliance Resource Partners worth $2,476,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ARLP. Continuum Advisory LLC purchased a new stake in shares of Alliance Resource Partners during the 2nd quarter worth about $27,000. Beacon Capital Management LLC lifted its stake in shares of Alliance Resource Partners by 135.8% in the 2nd quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock valued at $36,000 after purchasing an additional 842 shares during the last quarter. Cove Street Capital LLC bought a new stake in Alliance Resource Partners in the second quarter worth $49,000. Mather Group LLC. acquired a new position in Alliance Resource Partners during the second quarter worth $51,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Alliance Resource Partners during the 1st quarter worth about $54,000. 18.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 31st. Benchmark lifted their price objective on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday.

Alliance Resource Partners Trading Up 0.8 %

Shares of Alliance Resource Partners stock opened at $26.37 on Friday. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 7.49 and a beta of 1.13. Alliance Resource Partners, L.P. has a 1 year low of $18.32 and a 1 year high of $26.67. The company’s fifty day simple moving average is $24.52 and its 200-day simple moving average is $23.95. 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, October 28th. The energy company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.16). Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.80%. The company had revenue of $613.57 million during the quarter, compared to the consensus estimate of $646.17 million. During the same quarter in the previous year, the business posted $1.18 EPS. As a group, sell-side analysts expect that Alliance Resource Partners, L.P. will post 3.2 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.62%. The ex-dividend date of this dividend is Thursday, November 7th. Alliance Resource Partners’s dividend payout ratio is presently 79.55%.

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.