Custom Index Systems LLC Sells 1,291 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Custom Index Systems LLC lowered its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 2.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 64,176 shares of the energy company’s stock after selling 1,291 shares during the quarter. Alliance Resource Partners comprises approximately 0.9% of Custom Index Systems LLC’s investment portfolio, making the stock its 26th largest position. Custom Index Systems LLC’s holdings in Alliance Resource Partners were worth $1,570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. American Financial Group Inc. lifted its position in Alliance Resource Partners by 2.0% during the first quarter. American Financial Group Inc. now owns 25,500 shares of the energy company’s stock valued at $511,000 after purchasing an additional 500 shares during the period. BCS Wealth Management lifted its holdings in shares of Alliance Resource Partners by 3.0% during the 2nd quarter. BCS Wealth Management now owns 18,439 shares of the energy company’s stock valued at $451,000 after buying 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 worth $353,000 after buying an additional 537 shares during the last quarter. Beacon Capital Management LLC grew its holdings in shares of Alliance Resource Partners by 135.8% in the second quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock worth $36,000 after acquiring an additional 842 shares during the period. Finally, Texas Yale Capital Corp. increased its position in Alliance Resource Partners by 8.6% during the first quarter. Texas Yale Capital Corp. now owns 12,677 shares of the energy company’s stock valued at $254,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Price Performance

NASDAQ ARLP opened at $22.97 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.80 and a current ratio of 2.53. The business’s fifty day moving average is $24.26 and its 200 day moving average is $22.62. The company has a market capitalization of $2.94 billion, a PE ratio of 5.03 and a beta of 1.13. Alliance Resource Partners, L.P. has a fifty-two week low of $18.32 and a fifty-two week high of $26.21.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data 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 net margin of 21.04% and a return on equity of 27.54%. The company had revenue of $593.35 million for the quarter, compared to analysts’ expectations of $624.72 million. During the same period in the previous year, the firm earned $1.30 earnings per share. Sell-side analysts predict that Alliance Resource Partners, L.P. will post 3.54 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were paid a $0.70 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.19%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 61.27%.

Analysts Set New Price Targets

ARLP has been the topic of several research reports. StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 31st. Benchmark raised their price objective on shares of Alliance Resource Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a 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.