10,390 Shares in Alliance Resource Partners, L.P. $ARLP Bought by Traub Capital Management LLC

Traub Capital Management LLC acquired a new stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,390 shares of the energy company’s stock, valued at approximately $272,000.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in shares of Alliance Resource Partners during the 1st quarter valued at about $205,000. Jackson Hole Capital Partners LLC lifted its stake in shares of Alliance Resource Partners by 7.3% in the 1st quarter. Jackson Hole Capital Partners LLC now owns 2,098,619 shares of the energy company’s stock worth $57,250,000 after purchasing an additional 142,071 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Alliance Resource Partners by 8.0% in the first quarter. Cetera Investment Advisers now owns 52,268 shares of the energy company’s stock worth $1,426,000 after buying an additional 3,880 shares during the last quarter. Texas Yale Capital Corp. grew its position in Alliance Resource Partners by 46.7% during the first quarter. Texas Yale Capital Corp. now owns 18,977 shares of the energy company’s stock valued at $518,000 after buying an additional 6,040 shares during the period. Finally, LPL Financial LLC grew its position in Alliance Resource Partners by 9.2% during the first quarter. LPL Financial LLC now owns 80,797 shares of the energy company’s stock valued at $2,204,000 after buying an additional 6,810 shares during the period. Institutional investors own 18.11% of the company’s stock.

Alliance Resource Partners Price Performance

Shares of Alliance Resource Partners stock opened at $23.90 on Wednesday. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 12.71 and a beta of 0.55. The company has a quick ratio of 1.37, a current ratio of 1.96 and a debt-to-equity ratio of 0.24. The stock’s 50-day simple moving average is $24.41 and its 200-day simple moving average is $25.23. Alliance Resource Partners, L.P. has a 52 week low of $22.20 and a 52 week high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, October 27th. The energy company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. Alliance Resource Partners had a return on equity of 14.75% and a net margin of 10.88%.The company had revenue of $571.40 million for the quarter, compared to the consensus estimate of $567.03 million. As a group, analysts expect that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend was Friday, November 7th. Alliance Resource Partners’s payout ratio is 127.66%.

Analysts Set New Price Targets

Several research analysts have weighed in on ARLP shares. Alliance Global Partners assumed coverage on shares of Alliance Resource Partners in a research report on Wednesday, September 24th. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Alliance Resource Partners in a research report on Wednesday, October 8th. Industrial Alliance Securities set a $30.00 price target on Alliance Resource Partners in a research report on Wednesday, September 24th. Wall Street Zen raised Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Benchmark reiterated a “buy” rating on shares of Alliance Resource Partners in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.50.

Alliance Resource Partners 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.