MONECO Advisors LLC Acquires New Shares in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

MONECO Advisors LLC bought a new position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 9,420 shares of the energy company’s stock, valued at approximately $230,000.

Other large investors have also recently bought and sold shares of the company. Prevail Innovative Wealth Advisors LLC bought a new stake in Alliance Resource Partners during the 1st quarter worth approximately $3,566,000. Magnolia Group LLC lifted its holdings in Alliance Resource Partners by 6.0% during the 4th quarter. Magnolia Group LLC now owns 3,214,171 shares of the energy company’s stock worth $68,076,000 after buying an additional 180,720 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Alliance Resource Partners by 0.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 858,939 shares of the energy company’s stock worth $18,192,000 after acquiring an additional 7,870 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in Alliance Resource Partners by 18.4% in the first quarter. J.W. Cole Advisors Inc. now owns 20,102 shares of the energy company’s stock valued at $403,000 after acquiring an additional 3,131 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Alliance Resource Partners by 36.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 53,357 shares of the energy company’s stock valued at $1,070,000 after purchasing an additional 14,255 shares during the period. 18.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Benchmark boosted their price target on shares of Alliance Resource Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st.

Alliance Resource Partners Stock Down 0.4 %

Shares of Alliance Resource Partners stock opened at $23.85 on Tuesday. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 5.22 and a beta of 1.15. The stock’s 50-day moving average is $24.35 and its 200 day moving average is $22.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.08 and a quick ratio of 1.54. Alliance Resource Partners, L.P. has a one year low of $18.32 and a one year high of $26.21.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings data on Monday, July 29th. The energy company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.16). The company had revenue of $593.35 million for the quarter, compared to analyst estimates of $624.72 million. Alliance Resource Partners had a return on equity of 27.75% and a net margin of 21.04%. During the same period last year, the business earned $1.30 EPS. Equities research analysts anticipate that Alliance Resource Partners, L.P. will post 3.59 EPS for the current year.

Alliance Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $2.80 annualized dividend and a dividend yield of 11.74%. Alliance Resource Partners’s dividend payout ratio is currently 61.27%.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.