10,400 Shares in Alliance Resource Partners, L.P. (NASDAQ:ARLP) Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC bought a new position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,400 shares of the energy company’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ARLP. FinTrust Capital Advisors LLC acquired a new stake in shares of Alliance Resource Partners in the 4th quarter worth about $42,000. Tortoise Investment Management LLC bought a new stake in Alliance Resource Partners in the 4th quarter worth about $151,000. Advisory Services Network LLC bought a new stake in Alliance Resource Partners in the 4th quarter worth about $182,000. Counterpoint Mutual Funds LLC grew its position in Alliance Resource Partners by 128.5% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 9,943 shares of the energy company’s stock worth $211,000 after purchasing an additional 5,592 shares in the last quarter. Finally, Cadent Capital Advisors LLC bought a new stake in Alliance Resource Partners in the 1st quarter worth about $213,000. Institutional investors and hedge funds own 18.11% of the company’s stock.

Alliance Resource Partners Price Performance

ARLP stock opened at $25.79 on Friday. Alliance Resource Partners, L.P. has a one year low of $18.32 and a one year high of $26.21. The company’s fifty day moving average price is $24.41 and its 200-day moving average price is $22.06. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.54 and a current ratio of 2.08. The company has a market capitalization of $3.30 billion, a PE ratio of 5.64 and a beta of 1.15.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, April 29th. The energy company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.93 by $0.28. The firm had revenue of $651.70 million for the quarter, compared to the consensus estimate of $625.32 million. Alliance Resource Partners had a net margin of 23.36% and a return on equity of 31.68%. During the same quarter in the previous year, the firm earned $1.45 earnings per share. On average, equities analysts anticipate that Alliance Resource Partners, L.P. will post 3.72 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.86%. Alliance Resource Partners’s payout ratio is presently 61.27%.

Wall Street Analyst Weigh In

Several research firms recently commented on ARLP. StockNews.com raised shares of Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 30th. Benchmark reissued a “buy” rating and set a $25.00 price target on shares of Alliance Resource Partners in a research report on Tuesday, April 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.