Alliance Resource Partners, L.P. $ARLP Shares Bought by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. boosted its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 39.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 297,070 shares of the energy company’s stock after acquiring an additional 83,870 shares during the period. Prescott Group Capital Management L.L.C. owned about 0.23% of Alliance Resource Partners worth $6,901,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new position in Alliance Resource Partners during the 4th quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. grew its holdings in Alliance Resource Partners by 135.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock worth $39,000 after acquiring an additional 875 shares in the last quarter. Triumph Capital Management acquired a new position in Alliance Resource Partners during the 3rd quarter worth approximately $46,000. US Bancorp DE boosted its holdings in shares of Alliance Resource Partners by 28.5% in the 3rd quarter. US Bancorp DE now owns 2,570 shares of the energy company’s stock valued at $65,000 after buying an additional 570 shares in the last quarter. Finally, Kelleher Financial Advisors acquired a new position in shares of Alliance Resource Partners in the 4th quarter valued at $66,000. Institutional investors and hedge funds own 18.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Weiss Ratings cut shares of Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 16th. Wall Street Zen cut shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Zacks Research upgraded shares of Alliance Resource Partners from a “strong sell” rating to a “hold” rating in a report on Friday, April 24th. Finally, Benchmark restated a “buy” rating on shares of Alliance Resource Partners in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Alliance Resource Partners has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Alliance Resource Partners Trading Down 1.1%

Shares of Alliance Resource Partners stock opened at $24.95 on Thursday. The company has a fifty day simple moving average of $26.55 and a 200-day simple moving average of $25.28. Alliance Resource Partners, L.P. has a 12-month low of $22.20 and a 12-month high of $29.45. The company has a current ratio of 1.46, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 13.13 and a beta of 0.26.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, April 27th. The energy company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.28). The business had revenue of $516.02 million during the quarter, compared to analysts’ expectations of $518.24 million. Alliance Resource Partners had a net margin of 11.35% and a return on equity of 16.87%. On average, equities analysts forecast that Alliance Resource Partners, L.P. will post 2.45 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, May 8th. This represents a $2.40 dividend on an annualized basis and a yield of 9.6%. Alliance Resource Partners’s dividend payout ratio is currently 126.32%.

Alliance Resource Partners Profile

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.