6,995 Shares in Alliance Resource Partners, L.P. (NASDAQ:ARLP) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 6,995 shares of the energy company’s stock, valued at approximately $171,000.

Other institutional investors have also made changes to their positions in the company. FinTrust Capital Advisors LLC acquired a new stake in Alliance Resource Partners in the 4th quarter valued at about $42,000. Mather Group LLC. bought a new stake in shares of Alliance Resource Partners during the second quarter valued at approximately $51,000. Pathway Financial Advisers LLC acquired a new stake in shares of Alliance Resource Partners in the first quarter valued at approximately $54,000. Tortoise Investment Management LLC bought a new position in Alliance Resource Partners in the 4th quarter worth approximately $151,000. Finally, Advisory Services Network LLC acquired a new position in Alliance Resource Partners during the 4th quarter worth $182,000. 18.11% of the stock is owned by institutional investors.

Alliance Resource Partners Trading Up 0.8 %

ARLP opened at $24.05 on Friday. The firm has a 50 day simple moving average of $24.35 and a 200 day simple moving average of $22.32. Alliance Resource Partners, L.P. has a fifty-two week low of $18.32 and a fifty-two week high of $26.21. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 5.26 and a beta of 1.15. 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 (NASDAQ:ARLP) last released its earnings results on Monday, July 29th. The energy company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16). The business 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 in the prior year, the firm posted $1.30 EPS. On average, sell-side analysts anticipate that Alliance Resource Partners, L.P. will post 3.59 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th were issued a $0.70 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $2.80 dividend on an annualized basis and a yield of 11.64%. Alliance Resource Partners’s dividend payout ratio is presently 61.27%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ARLP. StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 31st. Benchmark lifted their price objective on Alliance Resource Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th.

About Alliance Resource Partners

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.