Crescent Grove Advisors LLC Purchases 30,963 Shares of Alliance Resource Partners, L.P. $ARLP

Crescent Grove Advisors LLC boosted its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 27.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,141 shares of the energy company’s stock after buying an additional 30,963 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Alliance Resource Partners were worth $3,453,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. CWA Asset Management Group LLC grew its stake in shares of Alliance Resource Partners by 7.8% in the third quarter. CWA Asset Management Group LLC now owns 13,319 shares of the energy company’s stock worth $324,000 after purchasing an additional 958 shares during the last quarter. Summit Securities Group LLC bought a new position in Alliance Resource Partners during the 1st quarter worth $28,000. Integrated Wealth Concepts LLC bought a new position in Alliance Resource Partners during the 2nd quarter worth $28,000. Pin Oak Investment Advisors Inc. acquired a new position in Alliance Resource Partners during the 2nd quarter worth about $30,000. Finally, MCF Advisors LLC lifted its holdings in Alliance Resource Partners by 161.4% during the 2nd quarter. MCF Advisors LLC now owns 2,614 shares of the energy company’s stock worth $63,000 after buying an additional 1,614 shares during the period. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Ronna McDaniel purchased 3,000 shares of Alliance Resource Partners stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $26.11 per share, for a total transaction of $78,330.00. Following the completion of the transaction, the director owned 3,000 shares in the company, valued at $78,330. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Zacks Research cut Alliance Resource Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Weiss Ratings raised Alliance Resource Partners from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. Finally, Wall Street Zen upgraded Alliance Resource Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Alliance Resource Partners has an average rating of “Moderate Buy”.

Alliance Resource Partners Trading Up 0.4%

NASDAQ ARLP opened at $25.73 on Thursday. The company has a current ratio of 1.75, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $25.68 and a 200 day simple moving average of $25.34. Alliance Resource Partners, L.P. has a 12 month low of $23.00 and a 12 month high of $29.45. The firm has a market capitalization of $3.31 billion, a P/E ratio of 12.55 and a beta of 0.34.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, July 27th. The energy company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The firm had revenue of $551.56 million during the quarter, compared to the consensus estimate of $554.30 million. Alliance Resource Partners had a return on equity of 17.70% and a net margin of 12.25%. On average, analysts predict that Alliance Resource Partners, L.P. will post 3.00 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 7th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend was Friday, August 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 117.07%.

Alliance Resource Partners Profile

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a diversified natural resource company headquartered in Tulsa, Oklahoma. The company’s primary business is the production and marketing of coal, which it supplies to electric utilities and industrial customers in the United States.

Alliance Resource Partners operates coal mines in the Illinois Basin and Appalachia, producing primarily thermal coal used for electricity generation. Its operations include underground and surface mining, coal processing, transportation and marketing activities.