Alliance Resource Partners, L.P. $ARLP Stock Holdings Lessened by Magnolia Group LLC

Magnolia Group LLC lessened its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 39.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 769,713 shares of the energy company’s stock after selling 492,870 shares during the quarter. Alliance Resource Partners comprises about 6.4% of Magnolia Group LLC’s investment portfolio, making the stock its 6th biggest position. Magnolia Group LLC’s holdings in Alliance Resource Partners were worth $18,696,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Lido Advisors LLC grew its stake in Alliance Resource Partners by 93.6% in the 3rd quarter. Lido Advisors LLC now owns 2,123,618 shares of the energy company’s stock valued at $51,583,000 after buying an additional 1,026,862 shares during the last quarter. BCS Wealth Management lifted its position in Alliance Resource Partners by 2.1% during the third quarter. BCS Wealth Management now owns 27,761 shares of the energy company’s stock worth $674,000 after acquiring an additional 568 shares during the last quarter. StoneX Group Inc. acquired a new stake in Alliance Resource Partners during the third quarter worth approximately $209,000. Arrow Investment Advisors LLC lifted its position in Alliance Resource Partners by 17.6% during the third quarter. Arrow Investment Advisors LLC now owns 9,912 shares of the energy company’s stock worth $241,000 after acquiring an additional 1,481 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. boosted its holdings in shares of Alliance Resource Partners by 1.3% during the third quarter. Pekin Hardy Strauss Inc. now owns 77,859 shares of the energy company’s stock worth $1,891,000 after acquiring an additional 1,010 shares during the period. Institutional investors own 18.11% of the company’s stock.

Analyst Upgrades and Downgrades

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

Alliance Resource Partners Trading Up 0.7%

Shares of Alliance Resource Partners stock opened at $25.25 on Thursday. The firm has a 50-day moving average of $25.59 and a 200-day moving average of $25.65. The stock has a market cap of $3.25 billion, a PE ratio of 10.52 and a beta of 0.30. Alliance Resource Partners, L.P. has a 52-week low of $23.01 and a 52-week high of $29.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.32 and a current ratio of 1.37.

Alliance Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 6th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.40 dividend on an annualized basis and a yield of 9.5%. Alliance Resource Partners’s payout ratio is currently 100.00%.

Alliance Resource Partners Profile

Alliance Resource Partners, L.P. is a diversified natural resource company best known for producing and marketing coal. Its coal is sold primarily to electric utilities for power generation, along with customers in other industrial markets. The partnership operates coal mines in the Illinois Basin and Appalachia, serving customers in the United States and international markets. Its activities also include oil and gas royalty interests and other mineral interests, which provide exposure to resources beyond coal.