Alliance Resource Partners, L.P. $ARLP Shares Purchased by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. increased its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 39.3% in the fourth quarter, Holdings Channel reports. The firm owned 297,070 shares of the energy company’s stock after buying an additional 83,870 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Alliance Resource Partners were worth $6,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in Alliance Resource Partners during the 4th quarter worth $36,000. Northwestern Mutual Wealth Management Co. boosted its stake in Alliance Resource Partners by 135.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock worth $39,000 after purchasing an additional 875 shares during the period. Triumph Capital Management acquired a new stake in Alliance Resource Partners during the 3rd quarter worth $46,000. US Bancorp DE boosted its stake in Alliance Resource Partners by 28.5% during the 3rd quarter. US Bancorp DE now owns 2,570 shares of the energy company’s stock worth $65,000 after purchasing an additional 570 shares during the period. Finally, Kelleher Financial Advisors purchased a new position in Alliance Resource Partners during the 4th quarter worth $66,000. Institutional investors and hedge funds own 18.11% of the company’s stock.

Alliance Resource Partners Stock Down 1.1%

Shares of Alliance Resource Partners stock opened at $24.95 on Thursday. The company has a market cap of $3.21 billion, a P/E ratio of 13.13 and a beta of 0.26. 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, L.P. has a one year low of $22.20 and a one year high of $29.45. The firm has a fifty day moving average of $26.55 and a two-hundred day moving average of $25.28.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings data on Monday, April 27th. The energy company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). The firm had revenue of $516.02 million for the quarter, compared to analysts’ expectations of $518.24 million. Alliance Resource Partners had a return on equity of 16.87% and a net margin of 11.35%. On average, analysts forecast that Alliance Resource Partners, L.P. will post 2.45 earnings per share for the current year.

Alliance Resource Partners Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date was Friday, May 8th. Alliance Resource Partners’s dividend payout ratio (DPR) is currently 126.32%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings downgraded shares of Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 16th. Zacks Research upgraded shares of Alliance Resource Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, April 24th. Wall Street Zen downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Benchmark restated a “buy” rating on shares of Alliance Resource Partners in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.00.

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.