Crescent Grove Advisors LLC Buys 30,963 Shares of Alliance Resource Partners, L.P. $ARLP

Crescent Grove Advisors LLC lifted its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 27.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,141 shares of the energy company’s stock after purchasing an additional 30,963 shares during the quarter. Crescent Grove Advisors LLC owned 0.11% of Alliance Resource Partners worth $3,453,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Energy Income Partners LLC lifted its holdings in shares of Alliance Resource Partners by 145.9% in the first quarter. Energy Income Partners LLC now owns 737,328 shares of the energy company’s stock valued at $20,387,000 after buying an additional 437,486 shares during the period. Bank of America Corp DE grew its holdings in Alliance Resource Partners by 74.2% during the first quarter. Bank of America Corp DE now owns 269,655 shares of the energy company’s stock worth $7,456,000 after acquiring an additional 114,880 shares during the period. Adams Asset Advisors LLC grew its holdings in Alliance Resource Partners by 2.2% during the third quarter. Adams Asset Advisors LLC now owns 264,797 shares of the energy company’s stock worth $6,432,000 after acquiring an additional 5,784 shares during the period. Mizuho Markets Americas LLC acquired a new position in Alliance Resource Partners during the first quarter worth about $6,830,000. Finally, First Trust Advisors LP raised its position in Alliance Resource Partners by 2.9% in the first quarter. First Trust Advisors LP now owns 192,532 shares of the energy company’s stock worth $5,324,000 after acquiring an additional 5,450 shares in the last quarter. 18.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ARLP has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Alliance Resource Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research lowered Alliance Resource Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Weiss Ratings raised Alliance Resource Partners from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Alliance Resource Partners Trading Up 0.4%

NASDAQ ARLP opened at $25.73 on Thursday. Alliance Resource Partners, L.P. has a one year low of $23.00 and a one year high of $29.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.75 and a quick ratio of 1.32. The firm has a market cap of $3.31 billion, a P/E ratio of 12.55 and a beta of 0.34. The stock’s 50-day moving average is $25.68 and its 200-day moving average is $25.34.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings data on Monday, July 27th. The energy company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The company had revenue of $551.56 million for the quarter, compared to the consensus estimate of $554.30 million. Alliance Resource Partners had a return on equity of 17.70% and a net margin of 12.25%. Sell-side analysts anticipate that Alliance Resource Partners, L.P. will post 3.00 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 7th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 9.3%. The ex-dividend date was Friday, August 7th. Alliance Resource Partners’s payout ratio is 117.07%.

Insider Activity

In related news, Director Ronna McDaniel purchased 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average price of $26.11 per share, for a total transaction of $78,330.00. Following the completion of the transaction, the director owned 3,000 shares of the company’s stock, valued at approximately $78,330. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 16.80% of the company’s stock.

Alliance Resource Partners Profile

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a diversified natural resource company headquartered in Tulsa, Oklahoma. The company’s primary business is the production and marketing of coal, which it supplies to electric utilities and industrial customers in the United States.

Alliance Resource Partners operates coal mines in the Illinois Basin and Appalachia, producing primarily thermal coal used for electricity generation. Its operations include underground and surface mining, coal processing, transportation and marketing activities.