Crescent Grove Advisors LLC Has $2.25 Million Stake in Alliance Resource Partners, L.P. $ARLP

Crescent Grove Advisors LLC decreased its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 66.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 96,890 shares of the energy company’s stock after selling 191,976 shares during the period. Crescent Grove Advisors LLC’s holdings in Alliance Resource Partners were worth $2,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Progeny 3 Inc. boosted its stake in shares of Alliance Resource Partners by 6.9% in the third quarter. Progeny 3 Inc. now owns 3,274,381 shares of the energy company’s stock valued at $82,793,000 after buying an additional 211,400 shares during the period. Barclays PLC boosted its stake in shares of Alliance Resource Partners by 3.3% in the third quarter. Barclays PLC now owns 657,191 shares of the energy company’s stock valued at $16,617,000 after buying an additional 21,116 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Alliance Resource Partners by 4.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 518,451 shares of the energy company’s stock valued at $13,552,000 after buying an additional 23,579 shares during the period. Invesco Ltd. boosted its stake in shares of Alliance Resource Partners by 0.8% in the third quarter. Invesco Ltd. now owns 429,068 shares of the energy company’s stock valued at $10,849,000 after buying an additional 3,481 shares during the period. Finally, ING Groep NV boosted its stake in shares of Alliance Resource Partners by 167.8% in the third quarter. ING Groep NV now owns 378,100 shares of the energy company’s stock valued at $9,560,000 after buying an additional 236,900 shares during the period. Institutional investors and hedge funds own 18.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ARLP shares. Zacks Research upgraded Alliance Resource Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, April 24th. Weiss Ratings cut Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 16th. Finally, Wall Street Zen cut Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Alliance Resource Partners Stock Down 0.4%

NASDAQ ARLP opened at $25.41 on Thursday. The business has a fifty day moving average price of $26.04 and a two-hundred day moving average price of $25.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.46 and a quick ratio of 0.95. Alliance Resource Partners, L.P. has a fifty-two week low of $22.20 and a fifty-two week high of $29.45. The stock has a market capitalization of $3.27 billion, a PE ratio of 13.37 and a beta of 0.23.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, April 27th. The energy company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.28). Alliance Resource Partners had a return on equity of 16.87% and a net margin of 11.35%.The business had revenue of $516.02 million for the quarter, compared to the consensus estimate of $518.24 million. Equities analysts expect that Alliance Resource Partners, L.P. will post 2.45 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, May 8th. This represents a $2.40 annualized dividend and a yield of 9.4%. Alliance Resource Partners’s dividend payout ratio is presently 126.32%.

About Alliance Resource Partners

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.