Inspire Investing LLC Makes New $790,000 Investment in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Inspire Investing LLC purchased a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 32,288 shares of the energy company’s stock, valued at approximately $790,000.

Several other institutional investors also recently added to or reduced their stakes in ARLP. Atlanta Consulting Group Advisors LLC acquired a new position in Alliance Resource Partners during the first quarter worth approximately $23,567,000. Oppenheimer & Co. Inc. acquired a new position in shares of Alliance Resource Partners in the second quarter valued at approximately $6,595,000. Magnolia Group LLC increased its holdings in shares of 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 purchasing an additional 229,700 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of Alliance Resource Partners in the first quarter valued at approximately $3,566,000. Finally, Progeny 3 Inc. increased its holdings in shares of Alliance Resource Partners by 5.1% in the first 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 during the period. Institutional investors and hedge funds own 18.11% of the company’s stock.

Alliance Resource Partners Trading Up 2.4 %

Shares of ARLP stock opened at $24.30 on Friday. The business’s fifty day moving average price is $23.97 and its 200 day moving average price is $22.87. Alliance Resource Partners, L.P. has a 1-year low of $18.32 and a 1-year high of $26.21. The firm has a market capitalization of $3.11 billion, a PE ratio of 5.21 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.53 and a quick ratio of 1.80.

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

Alliance Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 11.52%. The ex-dividend date was Wednesday, August 7th. Alliance Resource Partners’s dividend payout ratio is presently 61.27%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ARLP shares. StockNews.com lowered 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 company a “buy” rating in a report on Tuesday, July 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.