Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Bought by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC boosted its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 87.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,498 shares of the energy company’s stock after buying an additional 79,155 shares during the period. Crescent Grove Advisors LLC owned approximately 0.13% of Alliance Resource Partners worth $3,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of Alliance Resource Partners by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 108,022 shares of the energy company’s stock valued at $2,195,000 after purchasing an additional 600 shares during the period. Royal Bank of Canada increased its holdings in shares of Alliance Resource Partners by 9.0% in the second quarter. Royal Bank of Canada now owns 8,254 shares of the energy company’s stock valued at $152,000 after purchasing an additional 683 shares during the period. Mariner LLC increased its holdings in shares of Alliance Resource Partners by 4.6% in the first quarter. Mariner LLC now owns 22,149 shares of the energy company’s stock valued at $342,000 after purchasing an additional 977 shares during the period. Commonwealth Equity Services LLC grew its holdings in Alliance Resource Partners by 2.6% during the third quarter. Commonwealth Equity Services LLC now owns 39,564 shares of the energy company’s stock worth $891,000 after acquiring an additional 1,004 shares during the period. Finally, Neuberger Berman Group LLC grew its holdings in Alliance Resource Partners by 7.4% during the fourth quarter. Neuberger Berman Group LLC now owns 14,975 shares of the energy company’s stock worth $304,000 after acquiring an additional 1,037 shares during the period. 18.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 6th.

Alliance Resource Partners Price Performance

Shares of NASDAQ ARLP traded down $0.18 during midday trading on Monday, hitting $20.88. The stock had a trading volume of 317,466 shares, compared to its average volume of 457,302. The company has a market capitalization of $2.67 billion, a PE ratio of 4.38 and a beta of 1.14. The stock has a 50 day simple moving average of $19.83 and a 200-day simple moving average of $21.02. Alliance Resource Partners, L.P. has a 1 year low of $17.05 and a 1 year high of $24.30. The company has a quick ratio of 1.71, a current ratio of 2.27 and a debt-to-equity ratio of 0.18.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings data on Monday, January 29th. The energy company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.26). Alliance Resource Partners had a return on equity of 34.90% and a net margin of 24.50%. The company had revenue of $625.42 million for the quarter, compared to analysts’ expectations of $672.54 million. During the same quarter in the previous year, the business posted $1.63 EPS. On average, sell-side analysts expect that Alliance Resource Partners, L.P. will post 4.05 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, February 6th. This represents a $2.80 dividend on an annualized basis and a yield of 13.41%. Alliance Resource Partners’s payout ratio is 58.21%.

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.