GraniteShares Advisors LLC Makes New Investment in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

GraniteShares Advisors LLC bought a new position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 94,815 shares of the energy company’s stock, valued at approximately $2,493,000. Alliance Resource Partners makes up 1.6% of GraniteShares Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. GraniteShares Advisors LLC owned approximately 0.07% of Alliance Resource Partners at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ARLP. International Assets Investment Management LLC purchased a new stake in Alliance Resource Partners during the third quarter worth $7,500,000. Dakota Wealth Management acquired a new position in shares of Alliance Resource Partners in the third quarter worth $251,000. J.W. Cole Advisors Inc. raised its holdings in shares of Alliance Resource Partners by 3.8% in the third quarter. J.W. Cole Advisors Inc. now owns 21,746 shares of the energy company’s stock worth $544,000 after acquiring an additional 797 shares during the last quarter. Andina Capital Management LLC raised its holdings in shares of Alliance Resource Partners by 5.2% in the third quarter. Andina Capital Management LLC now owns 15,171 shares of the energy company’s stock worth $379,000 after acquiring an additional 745 shares during the last quarter. Finally, Crescent Grove Advisors LLC raised its holdings in shares of Alliance Resource Partners by 15.5% in the third quarter. Crescent Grove Advisors LLC now owns 208,793 shares of the energy company’s stock worth $5,220,000 after acquiring an additional 28,016 shares during the last quarter. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ARLP shares. StockNews.com cut Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Singular Research cut Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd. Finally, Benchmark reissued a “buy” rating and issued a $29.00 price target (up from $27.00) on shares of Alliance Resource Partners in a report on Tuesday, February 4th.

Alliance Resource Partners Stock Performance

Alliance Resource Partners stock opened at $26.57 on Wednesday. The firm has a market capitalization of $3.40 billion, a P/E ratio of 9.63 and a beta of 1.16. The stock has a fifty day moving average price of $26.98 and a 200 day moving average price of $25.87. Alliance Resource Partners, L.P. has a 52 week low of $18.32 and a 52 week high of $30.56. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, February 3rd. The energy company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.38). Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. Equities research analysts anticipate that Alliance Resource Partners, L.P. will post 2.72 earnings per share for the current year.

Alliance Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.70 dividend. The ex-dividend date was Friday, February 7th. This represents a $2.80 annualized dividend and a yield of 10.54%. Alliance Resource Partners’s payout ratio is currently 101.45%.

Insider Activity at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $28.00, for a total transaction of $280,000.00. Following the completion of the sale, the senior vice president now directly owns 157,946 shares in the company, valued at $4,422,488. This represents a 5.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 16.80% of the company’s stock.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.