Magnolia Group LLC Trims Position in Alliance Resource Partners, L.P. $ARLP

Magnolia Group LLC reduced its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 45.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,411,260 shares of the energy company’s stock after selling 1,170,437 shares during the period. Alliance Resource Partners accounts for about 7.3% of Magnolia Group LLC’s investment portfolio, making the stock its 5th biggest position. Magnolia Group LLC owned about 1.10% of Alliance Resource Partners worth $39,021,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Alliance Resource Partners by 7.0% in the 1st quarter. Royal Bank of Canada now owns 19,058 shares of the energy company’s stock worth $519,000 after acquiring an additional 1,254 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Alliance Resource Partners by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 118,249 shares of the energy company’s stock valued at $3,091,000 after acquiring an additional 855 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Alliance Resource Partners in the second quarter valued at $418,000. HUB Investment Partners LLC grew its holdings in shares of Alliance Resource Partners by 4.0% in the second quarter. HUB Investment Partners LLC now owns 13,094 shares of the energy company’s stock valued at $342,000 after purchasing an additional 499 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 worth $13,552,000 after purchasing an additional 23,579 shares during the last quarter. 18.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Zacks Research raised shares of Alliance Resource Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, April 24th. Wall Street Zen cut shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings downgraded shares of Alliance Resource Partners from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Alliance Resource Partners presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Alliance Resource Partners Stock Performance

NASDAQ ARLP opened at $23.81 on Friday. The business’s 50 day moving average price is $25.00 and its 200-day moving average price is $25.38. Alliance Resource Partners, L.P. has a fifty-two week low of $22.20 and a fifty-two week high of $29.45. The company has a market cap of $3.06 billion, a P/E ratio of 12.53 and a beta of 0.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.46.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings results on Monday, April 27th. The energy company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). The company had revenue of $516.02 million during the quarter, compared to the consensus estimate of $518.24 million. Alliance Resource Partners had a return on equity of 16.87% and a net margin of 11.35%. Sell-side analysts predict that Alliance Resource Partners, L.P. will post 2.52 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 10.1%. The ex-dividend date was Friday, May 8th. Alliance Resource Partners’s dividend payout ratio (DPR) is 126.32%.

Alliance Resource Partners Profile

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.