27,000 Shares in Alliance Resource Partners, L.P. (ARLP) Acquired by Kayne Anderson Capital Advisors

Kayne Anderson Capital Advisors LP purchased a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,000 shares of the energy company’s stock, valued at approximately $476,000.

A number of other hedge funds also recently modified their holdings of ARLP. Adams Asset Advisors LLC grew its stake in Alliance Resource Partners by 8.7% during the fourth quarter. Adams Asset Advisors LLC now owns 336,041 shares of the energy company’s stock worth $6,620,000 after buying an additional 26,995 shares during the period. Bank of Montreal Can purchased a new stake in Alliance Resource Partners during the fourth quarter worth approximately $3,546,000. First Manhattan Co. grew its stake in Alliance Resource Partners by 10.7% during the fourth quarter. First Manhattan Co. now owns 412,639 shares of the energy company’s stock worth $8,128,000 after buying an additional 40,000 shares during the period. Foundry Partners LLC grew its stake in Alliance Resource Partners by 3.3% during the fourth quarter. Foundry Partners LLC now owns 221,064 shares of the energy company’s stock worth $4,355,000 after buying an additional 7,049 shares during the period. Finally, TCI Wealth Advisors Inc. grew its stake in Alliance Resource Partners by 66.0% during the fourth quarter. TCI Wealth Advisors Inc. now owns 6,638 shares of the energy company’s stock worth $131,000 after buying an additional 2,638 shares during the period. 14.33% of the stock is owned by hedge funds and other institutional investors.

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ARLP has been the subject of several research reports. Zacks Investment Research upgraded shares of Alliance Resource Partners from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Friday, February 2nd. BidaskClub downgraded shares of Alliance Resource Partners from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. B. Riley reiterated a “buy” rating and set a $30.00 price objective on shares of Alliance Resource Partners in a research note on Tuesday, January 30th. Stifel Nicolaus set a $22.00 price objective on shares of Alliance Resource Partners and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Finally, ValuEngine downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Alliance Resource Partners currently has a consensus rating of “Hold” and an average target price of $25.00.

Shares of ARLP stock opened at $17.90 on Monday. The firm has a market capitalization of $2,339.60, a PE ratio of 7.13 and a beta of 0.71. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.41. Alliance Resource Partners, L.P. has a twelve month low of $15.55 and a twelve month high of $23.35.

Alliance Resource Partners (NASDAQ:ARLP) last announced its earnings results on Monday, April 30th. The energy company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.60. The business had revenue of $457.10 million during the quarter, compared to the consensus estimate of $459.48 million. Alliance Resource Partners had a net margin of 19.79% and a return on equity of 24.23%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 earnings per share. research analysts predict that Alliance Resource Partners, L.P. will post 2.35 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 8th will be paid a $0.515 dividend. The ex-dividend date is Monday, May 7th. This is an increase from Alliance Resource Partners’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a dividend yield of 11.51%. Alliance Resource Partners’s dividend payout ratio is 71.08%.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.

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Institutional Ownership by Quarter for Alliance Resource Partners (NASDAQ:ARLP)