Tiedemann Advisors LLC decreased its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 255,982 shares of the energy company’s stock after selling 3,720 shares during the period. Tiedemann Advisors LLC owned 0.20% of Alliance Resource Partners worth $4,347,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of ARLP. Brand Asset Management Group Inc. bought a new position in Alliance Resource Partners during the second quarter worth about $35,000. NEXT Financial Group Inc bought a new position in Alliance Resource Partners during the second quarter worth about $60,000. Valeo Financial Advisors LLC boosted its holdings in Alliance Resource Partners by 185.7% during the second quarter. Valeo Financial Advisors LLC now owns 3,525 shares of the energy company’s stock worth $60,000 after buying an additional 2,291 shares during the last quarter. Arlington Partners LLC bought a new position in Alliance Resource Partners during the second quarter worth about $114,000. Finally, Cetera Advisors LLC bought a new position in Alliance Resource Partners during the first quarter worth about $203,000. Institutional investors and hedge funds own 23.16% of the company’s stock.
A number of brokerages have issued reports on ARLP. BidaskClub upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Seaport Global Securities cut Alliance Resource Partners from a “buy” rating to a “neutral” rating in a report on Monday, July 29th. TheStreet cut Alliance Resource Partners from a “b-” rating to a “c+” rating in a report on Monday, August 19th. ValuEngine upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research cut Alliance Resource Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Alliance Resource Partners currently has an average rating of “Hold” and an average price target of $20.75.
Alliance Resource Partners stock traded up $0.08 during midday trading on Friday, reaching $15.94. The stock had a trading volume of 13,874 shares, compared to its average volume of 367,927. The firm’s fifty day simple moving average is $17.99 and its 200-day simple moving average is $21.19. Alliance Resource Partners, L.P. has a 1-year low of $14.41 and a 1-year high of $20.99. The stock has a market capitalization of $2.10 billion, a P/E ratio of 6.52 and a beta of 0.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.76 and a current ratio of 1.02.
Alliance Resource Partners (NASDAQ:ARLP) last announced its earnings results on Friday, July 26th. The energy company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.21). Alliance Resource Partners had a net margin of 22.14% and a return on equity of 27.63%. The firm had revenue of $517.10 million during the quarter, compared to analyst estimates of $531.10 million. During the same period in the prior year, the business posted $0.64 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. On average, sell-side analysts anticipate that Alliance Resource Partners, L.P. will post 2.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 13.55%. The ex-dividend date of this dividend was Tuesday, August 6th. This is a positive change from Alliance Resource Partners’s previous quarterly dividend of $0.54. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 88.52%.
Alliance Resource Partners Company Profile
Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.
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