Crescent Grove Advisors LLC Decreases Position in Alliance Resource Partners, L.P. $ARLP

Crescent Grove Advisors LLC decreased its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 26.0% in the first quarter, Holdings Channel reports. The firm owned 71,682 shares of the energy company’s stock after selling 25,208 shares during the period. Crescent Grove Advisors LLC’s holdings in Alliance Resource Partners were worth $1,982,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in Alliance Resource Partners during the 1st quarter valued at about $28,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Alliance Resource Partners during the fourth quarter worth about $35,000. Smartleaf Asset Management LLC purchased a new stake in shares of Alliance Resource Partners during the fourth quarter worth about $35,000. Sound Income Strategies LLC acquired a new position in shares of Alliance Resource Partners during the fourth quarter valued at about $36,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Alliance Resource Partners by 135.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock valued at $39,000 after acquiring an additional 875 shares in the last quarter. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wall Street Zen downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Zacks Research raised shares of Alliance Resource Partners from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Weiss Ratings downgraded shares of Alliance Resource Partners from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Alliance Resource Partners has a consensus rating of “Buy” and an average price target of $30.00.

Alliance Resource Partners Trading Down 0.7%

Shares of NASDAQ:ARLP opened at $24.42 on Friday. Alliance Resource Partners, L.P. has a 52-week low of $22.20 and a 52-week high of $29.45. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 12.85 and a beta of 0.23. The company has a quick ratio of 0.95, a current ratio of 1.46 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $24.71 and a 200-day moving average price of $25.44.

Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, April 27th. The energy company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). Alliance Resource Partners had a net margin of 11.35% and a return on equity of 16.87%. The firm had revenue of $516.02 million during the quarter, compared to analysts’ expectations of $518.24 million. Equities analysts predict that Alliance Resource Partners, L.P. will post 2.53 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 9.8%. The ex-dividend date was Friday, May 8th. Alliance Resource Partners’s payout ratio is presently 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.