Crescent Grove Advisors LLC Reduces Stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Crescent Grove Advisors LLC reduced its holdings in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 41.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 122,869 shares of the energy company’s stock after selling 85,924 shares during the quarter. Crescent Grove Advisors LLC owned about 0.10% of Alliance Resource Partners worth $3,230,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARLP. Tidal Investments LLC grew its stake in Alliance Resource Partners by 1.2% in the third quarter. Tidal Investments LLC now owns 34,283 shares of the energy company’s stock worth $857,000 after purchasing an additional 391 shares during the period. Pekin Hardy Strauss Inc. boosted its holdings in shares of Alliance Resource Partners by 0.9% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 46,905 shares of the energy company’s stock valued at $1,173,000 after buying an additional 400 shares in the last quarter. Cadent Capital Advisors LLC grew its position in shares of Alliance Resource Partners by 1.9% in the 4th quarter. Cadent Capital Advisors LLC now owns 23,816 shares of the energy company’s stock worth $626,000 after buying an additional 453 shares during the period. BCS Wealth Management increased its stake in shares of Alliance Resource Partners by 2.4% in the 4th quarter. BCS Wealth Management now owns 19,971 shares of the energy company’s stock worth $525,000 after acquiring an additional 476 shares in the last quarter. Finally, AlphaCore Capital LLC lifted its position in Alliance Resource Partners by 3.0% during the 3rd quarter. AlphaCore Capital LLC now owns 17,203 shares of the energy company’s stock valued at $430,000 after acquiring an additional 503 shares during the period. Institutional investors own 18.11% of the company’s stock.

Analyst Ratings Changes

ARLP has been the subject of several recent research reports. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Singular Research cut Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 2nd. Finally, Benchmark increased their target price on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th.

Alliance Resource Partners Price Performance

NASDAQ ARLP opened at $29.24 on Friday. The business’s fifty day moving average is $26.95 and its 200 day moving average is $25.46. Alliance Resource Partners, L.P. has a fifty-two week low of $18.32 and a fifty-two week high of $30.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. The company has a market capitalization of $3.74 billion, a PE ratio of 8.31 and a beta of 1.17.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). The company had revenue of $613.57 million for the quarter, compared to analysts’ expectations of $646.17 million. Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. During the same period in the previous year, the firm earned $1.18 earnings per share. Sell-side analysts predict that Alliance Resource Partners, L.P. will post 3.19 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $2.80 dividend on an annualized basis and a yield of 9.58%. Alliance Resource Partners’s payout ratio is presently 79.55%.

Insider Buying and Selling at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 10,000 shares of Alliance Resource Partners stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the sale, the senior vice president now owns 157,946 shares in the company, valued at $4,422,488. This trade represents a 5.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 16.80% of the company’s stock.

Alliance Resource Partners Company 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.