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

Crescent Grove Advisors LLC lowered its stake in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 66.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,890 shares of the energy company’s stock after selling 191,976 shares during the quarter. Crescent Grove Advisors LLC owned approximately 0.08% of Alliance Resource Partners worth $2,251,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ARLP. Sound Income Strategies LLC acquired a new stake in shares of Alliance Resource Partners in the fourth quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Alliance Resource Partners by 135.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock valued at $39,000 after acquiring an additional 875 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of Alliance Resource Partners in the third quarter valued at about $46,000. US Bancorp DE increased its position in shares of Alliance Resource Partners by 28.5% in the third quarter. US Bancorp DE now owns 2,570 shares of the energy company’s stock valued at $65,000 after acquiring an additional 570 shares during the last quarter. Finally, Kelleher Financial Advisors acquired a new stake in shares of Alliance Resource Partners in the fourth quarter valued at about $66,000. Institutional investors and hedge funds own 18.11% of the company’s stock.

Alliance Resource Partners Price Performance

Shares of NASDAQ ARLP opened at $25.41 on Thursday. The business’s 50 day moving average price is $26.04 and its two-hundred day moving average price is $25.30. The company has a market cap of $3.27 billion, a PE ratio of 13.37 and a beta of 0.23. The company has a quick ratio of 0.95, a current ratio of 1.46 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a twelve month low of $22.20 and a twelve month high of $29.45.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, April 27th. The energy company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $518.24 million. On average, analysts predict that Alliance Resource Partners, L.P. will post 2.45 EPS 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 given a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.40 annualized dividend and a dividend yield of 9.4%. Alliance Resource Partners’s dividend payout ratio is presently 126.32%.

Analyst Upgrades and Downgrades

ARLP has been the topic of a number of recent research reports. Wall Street Zen downgraded Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Zacks Research raised Alliance Resource Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, April 24th. Finally, Weiss Ratings downgraded Alliance Resource Partners from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 16th. Two 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Alliance Resource Partners Company 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.