Capstone Wealth Management LLC Makes New $605,000 Investment in Alliance Resource Partners, L.P. $ARLP

Capstone Wealth Management LLC acquired a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the third quarter, Holdings Channel.com reports. The fund acquired 24,920 shares of the energy company’s stock, valued at approximately $605,000.

Several other large investors have also added to or reduced their stakes in ARLP. Dayah Capital LLC bought a new position in shares of Alliance Resource Partners in the first quarter valued at approximately $1,825,000. Pinnacle Holdings LLC purchased a new position in Alliance Resource Partners during the second quarter valued at approximately $3,074,000. Bank of America Corp DE increased its holdings in Alliance Resource Partners by 74.2% during the 1st quarter. Bank of America Corp DE now owns 269,655 shares of the energy company’s stock worth $7,456,000 after acquiring an additional 114,880 shares during the period. Mizuho Markets Americas LLC bought a new stake in Alliance Resource Partners during the 1st quarter worth approximately $6,830,000. Finally, SteelPeak Wealth LLC purchased a new stake in Alliance Resource Partners in the 1st quarter worth approximately $1,397,000. Institutional investors own 18.11% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ARLP. Wall Street Zen raised shares of Alliance Resource Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research cut Alliance Resource Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Finally, Weiss Ratings cut shares of Alliance Resource Partners from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Alliance Resource Partners currently has an average rating of “Moderate Buy”.

Alliance Resource Partners Stock Performance

Shares of NASDAQ ARLP opened at $24.65 on Friday. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 10.27 and a beta of 0.30. The company has a current ratio of 1.75, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. Alliance Resource Partners, L.P. has a 1-year low of $23.01 and a 1-year high of $29.45. The stock’s 50-day moving average is $25.71 and its 200 day moving average is $25.65.

Alliance Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.40 annualized dividend and a dividend yield of 9.7%. Alliance Resource Partners’s dividend payout ratio (DPR) is 100.00%.

Alliance Resource Partners Profile

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a diversified natural resource company headquartered in Tulsa, Oklahoma. The company’s primary business is the production and marketing of coal, which it supplies to electric utilities and industrial customers in the United States.

Alliance Resource Partners operates coal mines in the Illinois Basin and Appalachia, producing primarily thermal coal used for electricity generation. Its operations include underground and surface mining, coal processing, transportation and marketing activities.