Aristides Capital LLC Takes Position in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Aristides Capital LLC bought a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,684 shares of the energy company’s stock, valued at approximately $254,000.

Other hedge funds also recently modified their holdings of the company. FinTrust Capital Advisors LLC bought a new position in shares of Alliance Resource Partners in the 4th quarter valued at about $42,000. Tortoise Investment Management LLC bought a new position in shares of Alliance Resource Partners in the 4th quarter valued at about $151,000. Advisory Services Network LLC bought a new position in shares of Alliance Resource Partners in the 4th quarter valued at about $182,000. Axxcess Wealth Management LLC bought a new position in shares of Alliance Resource Partners in the 1st quarter valued at about $209,000. Finally, Counterpoint Mutual Funds LLC boosted its stake in shares of Alliance Resource Partners by 128.5% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 9,943 shares of the energy company’s stock valued at $211,000 after purchasing an additional 5,592 shares during the last quarter. Institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Trading Up 1.5 %

Alliance Resource Partners stock traded up $0.37 during midday trading on Friday, hitting $25.79. 284,067 shares of the stock were exchanged, compared to its average volume of 273,403. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.18. Alliance Resource Partners, L.P. has a 52 week low of $18.32 and a 52 week high of $26.21. The company has a fifty day simple moving average of $24.41 and a two-hundred day simple moving average of $22.06. The stock has a market capitalization of $3.30 billion, a PE ratio of 5.64 and a beta of 1.15.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, April 29th. The energy company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.28. Alliance Resource Partners had a net margin of 23.36% and a return on equity of 31.68%. The firm had revenue of $651.70 million for the quarter, compared to analyst estimates of $625.32 million. During the same quarter in the previous year, the firm posted $1.45 earnings per share. Equities research analysts anticipate that Alliance Resource Partners, L.P. will post 3.72 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.86%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 61.27%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Benchmark reaffirmed a “buy” rating and issued a $25.00 target price on shares of Alliance Resource Partners in a research note on Tuesday, April 30th. StockNews.com raised shares of Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 30th.

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.