Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shares Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,949 shares of the energy company’s stock after purchasing an additional 847 shares during the period. J.W. Cole Advisors Inc.’s holdings in Alliance Resource Partners were worth $512,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Atlanta Consulting Group Advisors LLC acquired a new position in Alliance Resource Partners in the 1st quarter valued at $23,567,000. Oppenheimer & Co. Inc. purchased a new position in shares of Alliance Resource Partners during the 2nd quarter worth approximately $6,595,000. Magnolia Group LLC lifted its holdings in Alliance Resource Partners by 7.1% in the first quarter. Magnolia Group LLC now owns 3,443,871 shares of the energy company’s stock valued at $69,050,000 after acquiring an additional 229,700 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of Alliance Resource Partners during the 1st quarter worth $3,566,000. Finally, Progeny 3 Inc. increased its holdings in shares of Alliance Resource Partners by 5.1% in the 1st quarter. Progeny 3 Inc. now owns 2,732,061 shares of the energy company’s stock valued at $54,778,000 after purchasing an additional 132,630 shares in the last quarter. Institutional investors and hedge funds own 18.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. StockNews.com downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st. Benchmark boosted their target price on Alliance Resource Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th.

Alliance Resource Partners Stock Performance

NASDAQ:ARLP opened at $23.53 on Wednesday. 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 $3.01 billion, a P/E ratio of 5.15 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. The firm has a 50-day moving average price of $24.04 and a two-hundred day moving average price of $22.82.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, July 29th. The energy company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.16). The company had revenue of $593.35 million for the quarter, compared to analyst estimates of $624.72 million. Alliance Resource Partners had a return on equity of 27.54% and a net margin of 21.04%. During the same quarter in the prior year, the firm earned $1.30 earnings per share. As a group, research analysts expect that Alliance Resource Partners, L.P. will post 3.56 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently disclosed 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. This represents a $2.80 dividend on an annualized basis and a yield of 11.90%. The ex-dividend date of this dividend was Wednesday, August 7th. Alliance Resource Partners’s dividend payout ratio is presently 61.27%.

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.