492,870 Alliance Resource Partners, L.P. $ARLP Shares Sold by Magnolia Group LLC

Magnolia Group LLC lowered its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 39.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 769,713 shares of the energy company’s stock after selling 492,870 shares during the quarter. Alliance Resource Partners makes up approximately 6.4% of Magnolia Group LLC’s investment portfolio, making the stock its 6th largest position. Magnolia Group LLC owned approximately 0.60% of Alliance Resource Partners worth $18,696,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ARLP. Lido Advisors LLC grew its stake in Alliance Resource Partners by 93.6% in the third quarter. Lido Advisors LLC now owns 2,123,618 shares of the energy company’s stock valued at $51,583,000 after purchasing an additional 1,026,862 shares in the last quarter. Energy Income Partners LLC raised its stake in shares of Alliance Resource Partners by 145.9% during the 1st quarter. Energy Income Partners LLC now owns 737,328 shares of the energy company’s stock worth $20,387,000 after purchasing an additional 437,486 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Alliance Resource Partners by 74.2% during the 1st quarter. Bank of America Corp DE now owns 269,655 shares of the energy company’s stock worth $7,456,000 after purchasing an additional 114,880 shares in the last quarter. Adams Asset Advisors LLC raised its stake in shares of Alliance Resource Partners by 2.2% during the 3rd quarter. Adams Asset Advisors LLC now owns 264,797 shares of the energy company’s stock worth $6,432,000 after purchasing an additional 5,784 shares in the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of Alliance Resource Partners in the 1st quarter valued at approximately $6,830,000. Institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Stock Performance

ARLP opened at $25.25 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. Alliance Resource Partners, L.P. has a 12-month low of $23.01 and a 12-month high of $29.45. The business has a 50 day moving average of $25.59 and a 200-day moving average of $25.65. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 10.52 and a beta of 0.30.

Alliance Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.40 annualized dividend and a yield of 9.5%. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ARLP. Wall Street Zen raised shares of Alliance Resource Partners from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Zacks Research downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Finally, Weiss Ratings lowered shares of Alliance Resource Partners from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Alliance Resource Partners presently has a consensus rating of “Moderate Buy”.

Alliance Resource Partners Profile

Alliance Resource Partners, L.P. is a diversified natural resource company best known for producing and marketing coal. Its coal is sold primarily to electric utilities for power generation, along with customers in other industrial markets. The partnership operates coal mines in the Illinois Basin and Appalachia, serving customers in the United States and international markets. Its activities also include oil and gas royalty interests and other mineral interests, which provide exposure to resources beyond coal.