Disciplined Investments LLC Acquires 1,616 Shares of Alliance Resource Partners, L.P. $ARLP

Disciplined Investments LLC boosted its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 2.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,149 shares of the energy company’s stock after buying an additional 1,616 shares during the quarter. Disciplined Investments LLC’s holdings in Alliance Resource Partners were worth $1,651,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ARLP. Farther Finance Advisors LLC lifted its holdings in shares of Alliance Resource Partners by 321.3% in the first quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company’s stock worth $26,000 after acquiring an additional 739 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Alliance Resource Partners by 4.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 27,903 shares of the energy company’s stock valued at $761,000 after purchasing an additional 1,070 shares during the last quarter. Hidden Cove Wealth Management LLC lifted its stake in Alliance Resource Partners by 100.1% in the 1st quarter. Hidden Cove Wealth Management LLC now owns 70,159 shares of the energy company’s stock valued at $1,914,000 after purchasing an additional 35,100 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its position in Alliance Resource Partners by 9.2% in the first quarter. Jaffetilchin Investment Partners LLC now owns 33,078 shares of the energy company’s stock valued at $902,000 after buying an additional 2,798 shares in the last quarter. Finally, U S Global Investors Inc. bought a new stake in shares of Alliance Resource Partners during the first quarter worth $382,000. Institutional investors and hedge funds own 18.11% of the company’s stock.

Alliance Resource Partners Stock Performance

Shares of Alliance Resource Partners stock opened at $24.05 on Friday. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 13.29 and a beta of 0.51. Alliance Resource Partners, L.P. has a one year low of $22.20 and a one year high of $30.56. The business has a 50-day simple moving average of $23.99 and a 200 day simple moving average of $25.58. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.96 and a quick ratio of 1.37.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, July 28th. The energy company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.06). Alliance Resource Partners had a net margin of 10.30% and a return on equity of 14.27%. The business had revenue of $547.46 million during the quarter, compared to the consensus estimate of $583.57 million. On average, research analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.40 annualized dividend and a dividend yield of 10.0%. Alliance Resource Partners’s dividend payout ratio is currently 132.60%.

Analyst Ratings Changes

A number of brokerages have recently commented on ARLP. Alliance Global Partners assumed coverage on Alliance Resource Partners in a research note on Wednesday, September 24th. They issued a “buy” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Alliance Resource Partners in a research report on Wednesday, October 8th. Finally, Industrial Alliance Securities set a $30.00 price target on Alliance Resource Partners in a report on Wednesday, September 24th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Alliance Resource Partners has a consensus rating of “Moderate Buy” and an average price target of $29.50.

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.