Alliance Resource Partners, L.P. $ARLP is Magnolia Group LLC’s 5th Largest Position

Magnolia Group LLC decreased its holdings in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 45.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,411,260 shares of the energy company’s stock after selling 1,170,437 shares during the quarter. Alliance Resource Partners accounts for about 7.3% of Magnolia Group LLC’s investment portfolio, making the stock its 5th biggest position. Magnolia Group LLC’s holdings in Alliance Resource Partners were worth $39,021,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BCS Wealth Management boosted its stake in shares of Alliance Resource Partners by 102.8% during the fourth quarter. BCS Wealth Management now owns 52,220 shares of the energy company’s stock valued at $1,213,000 after purchasing an additional 26,473 shares during the period. Prescott Group Capital Management L.L.C. increased its holdings in Alliance Resource Partners by 39.3% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 297,070 shares of the energy company’s stock valued at $6,901,000 after buying an additional 83,870 shares during the period. Tweedy Browne Co LLC increased its holdings in shares of Alliance Resource Partners by 105.4% in the 3rd quarter. Tweedy Browne Co LLC now owns 39,999 shares of the energy company’s stock valued at $1,011,000 after acquiring an additional 20,522 shares during the period. ING Groep NV raised its holdings in Alliance Resource Partners by 76.7% in the fourth quarter. ING Groep NV now owns 668,000 shares of the energy company’s stock worth $15,518,000 after purchasing an additional 289,900 shares in the last quarter. Finally, Fort Sheridan Advisors LLC raised its stake in shares of Alliance Resource Partners by 7.3% during the 4th quarter. Fort Sheridan Advisors LLC now owns 15,427 shares of the energy company’s stock worth $358,000 after acquiring an additional 1,044 shares in the last quarter. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

Alliance Resource Partners Trading Up 0.3%

Shares of Alliance Resource Partners stock opened at $23.81 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. Alliance Resource Partners, L.P. has a 12-month low of $22.20 and a 12-month high of $29.45. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 12.53 and a beta of 0.23. The firm’s 50 day simple moving average is $25.00 and its two-hundred day simple moving average is $25.38.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, April 27th. The energy company reported $0.07 earnings per share (EPS) 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 company had revenue of $516.02 million during the quarter, compared to analysts’ expectations of $518.24 million. Analysts predict that Alliance Resource Partners, L.P. will post 2.52 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. Investors of record on Friday, May 8th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 10.1%. The ex-dividend date of this dividend was Friday, May 8th. Alliance Resource Partners’s dividend payout ratio is presently 126.32%.

Analyst Ratings Changes

Several brokerages have recently commented on ARLP. Zacks Research upgraded Alliance Resource Partners from a “strong sell” rating to a “hold” rating in a report on Friday, April 24th. Wall Street Zen downgraded Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings downgraded Alliance Resource Partners from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.