Continuum Advisory LLC Buys New Stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Continuum Advisory LLC purchased a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,119 shares of the energy company’s stock, valued at approximately $27,000.

A number of other institutional investors also recently added to or reduced their stakes in ARLP. American Financial Group Inc. lifted its position in shares of Alliance Resource Partners by 2.0% during the 1st quarter. American Financial Group Inc. now owns 25,500 shares of the energy company’s stock worth $511,000 after buying an additional 500 shares during the period. BCS Wealth Management lifted its holdings in shares of Alliance Resource Partners by 3.0% during the second quarter. BCS Wealth Management now owns 18,439 shares of the energy company’s stock valued at $451,000 after acquiring an additional 536 shares during the period. Andina Capital Management LLC boosted its stake in shares of Alliance Resource Partners by 3.9% in the 2nd quarter. Andina Capital Management LLC now owns 14,426 shares of the energy company’s stock valued at $353,000 after purchasing an additional 537 shares in the last quarter. Texas Yale Capital Corp. grew its holdings in shares of Alliance Resource Partners by 8.6% in the 1st quarter. Texas Yale Capital Corp. now owns 12,677 shares of the energy company’s stock worth $254,000 after purchasing an additional 1,000 shares during the last quarter. Finally, First Financial Bank Trust Division increased its position in shares of Alliance Resource Partners by 12.6% during the 2nd quarter. First Financial Bank Trust Division now owns 13,081 shares of the energy company’s stock worth $320,000 after purchasing an additional 1,461 shares in the last quarter. 18.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Alliance Resource Partners Stock Performance

Alliance Resource Partners stock opened at $23.41 on Wednesday. The stock has a 50-day simple moving average of $24.34 and a 200 day simple moving average of $22.28. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 5.12 and a beta of 1.15. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.18. Alliance Resource Partners, L.P. has a 12-month low of $18.32 and a 12-month high of $26.21.

Alliance Resource Partners (NASDAQ:ARLP) last announced its earnings results on Monday, July 29th. The energy company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16). Alliance Resource Partners had a return on equity of 27.75% and a net margin of 21.04%. The company had revenue of $593.35 million during the quarter, compared to the consensus estimate of $624.72 million. During the same period in the prior year, the firm posted $1.30 earnings per share. On average, research analysts anticipate that Alliance Resource Partners, L.P. will post 3.59 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 11.96%. The ex-dividend date of this dividend was Wednesday, August 7th. Alliance Resource Partners’s dividend payout ratio is 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.