Bienville Capital Management LLC Sells 39,844 Shares of Alliance Resource Partners, L.P. $ARLP

Bienville Capital Management LLC cut its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 18.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 173,893 shares of the energy company’s stock after selling 39,844 shares during the quarter. Bienville Capital Management LLC’s holdings in Alliance Resource Partners were worth $4,170,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of ARLP. Summit Securities Group LLC purchased a new position in shares of Alliance Resource Partners during the first quarter valued at approximately $28,000. Integrated Wealth Concepts LLC purchased a new stake in Alliance Resource Partners in the 2nd quarter valued at $28,000. Pin Oak Investment Advisors Inc. bought a new position in Alliance Resource Partners during the 2nd quarter valued at $30,000. IFC & Insurance Marketing Inc. bought a new position in Alliance Resource Partners during the 4th quarter valued at $35,000. Finally, Smartleaf Asset Management LLC purchased a new position in Alliance Resource Partners during the 4th quarter worth $35,000. Institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Stock Up 0.4%

ARLP stock opened at $26.77 on Thursday. The stock’s fifty day simple moving average is $25.41 and its two-hundred day simple moving average is $25.79. The company has a current ratio of 1.75, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. Alliance Resource Partners, L.P. has a 1-year low of $22.20 and a 1-year high of $29.45. The stock has a market cap of $3.44 billion, a P/E ratio of 13.06 and a beta of 0.21.

Alliance Resource Partners (NASDAQ:ARLP) last announced its earnings results on Monday, July 27th. The energy company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Alliance Resource Partners had a net margin of 12.25% and a return on equity of 17.70%. The business had revenue of $551.56 million for the quarter, compared to analysts’ expectations of $554.30 million. Analysts expect that Alliance Resource Partners, L.P. will post 2.65 EPS for the current year.

Alliance Resource Partners Announces Dividend

The business 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. The ex-dividend date was Friday, August 7th. This represents a $2.40 annualized dividend and a yield of 9.0%. Alliance Resource Partners’s dividend payout ratio is presently 117.07%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings upgraded shares of Alliance Resource Partners from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 25th. Wall Street Zen upgraded shares of Alliance Resource Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Zacks Research downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Insiders Place Their Bets

In related news, Director Ronna McDaniel acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average price of $26.11 per share, for a total transaction of $78,330.00. Following the completion of the acquisition, the director owned 3,000 shares of the company’s stock, valued at approximately $78,330. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.80% of the company’s stock.

About Alliance Resource Partners

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.