Crescent Grove Advisors LLC Purchases 28,016 Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Crescent Grove Advisors LLC grew its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 15.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 208,793 shares of the energy company’s stock after buying an additional 28,016 shares during the period. Crescent Grove Advisors LLC’s holdings in Alliance Resource Partners were worth $5,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Continuum Advisory LLC bought a new stake in shares of Alliance Resource Partners during the 2nd quarter valued at about $27,000. Beacon Capital Management LLC grew its position in Alliance Resource Partners by 135.8% during the second quarter. Beacon Capital Management LLC now owns 1,462 shares of the energy company’s stock valued at $36,000 after buying an additional 842 shares during the period. Cove Street Capital LLC purchased a new stake in Alliance Resource Partners during the second quarter valued at approximately $49,000. Mather Group LLC. bought a new position in Alliance Resource Partners in the second quarter worth approximately $51,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Alliance Resource Partners during the 1st quarter worth $54,000. Institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Stock Performance

Shares of NASDAQ ARLP opened at $26.72 on Wednesday. The company has a market cap of $3.42 billion, a P/E ratio of 7.59 and a beta of 1.14. Alliance Resource Partners, L.P. has a 52-week low of $18.32 and a 52-week high of $26.87. 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 firm’s fifty day moving average is $24.57 and its two-hundred day moving average is $24.03.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). The business had revenue of $613.57 million during the quarter, compared to analysts’ expectations of $646.17 million. Alliance Resource Partners had a return on equity of 23.80% and a net margin of 18.52%. During the same period in the previous year, the business earned $1.18 earnings per share. As a group, analysts anticipate that Alliance Resource Partners, L.P. will post 3.2 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.48%. The ex-dividend date of this dividend is Thursday, November 7th. Alliance Resource Partners’s payout ratio is presently 79.55%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Benchmark boosted their price target on Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. StockNews.com downgraded Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 31st.

Alliance Resource Partners 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.