Arrow Investment Advisors LLC lifted its position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 57.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,863 shares of the energy company’s stock after acquiring an additional 11,277 shares during the period. Alliance Resource Partners accounts for about 0.2% of Arrow Investment Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Arrow Investment Advisors LLC’s holdings in Alliance Resource Partners were worth $494,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Arlington Partners LLC bought a new position in Alliance Resource Partners during the 2nd quarter valued at approximately $114,000. Valeo Financial Advisors LLC increased its position in Alliance Resource Partners by 185.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,525 shares of the energy company’s stock valued at $60,000 after buying an additional 2,291 shares in the last quarter. Adams Asset Advisors LLC increased its position in Alliance Resource Partners by 0.8% during the 2nd quarter. Adams Asset Advisors LLC now owns 368,593 shares of the energy company’s stock valued at $6,258,000 after buying an additional 3,072 shares in the last quarter. Dividend Assets Capital LLC increased its position in Alliance Resource Partners by 15.8% during the 2nd quarter. Dividend Assets Capital LLC now owns 124,575 shares of the energy company’s stock valued at $2,115,000 after buying an additional 16,975 shares in the last quarter. Finally, NEXT Financial Group Inc bought a new position in Alliance Resource Partners during the 2nd quarter valued at approximately $60,000. 22.88% of the stock is owned by hedge funds and other institutional investors.

Alliance Resource Partners stock opened at $11.71 on Friday. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 4.80 and a beta of 0.87. The company has a current ratio of 1.10, a quick ratio of 0.73 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $13.96 and a two-hundred day simple moving average of $18.90. Alliance Resource Partners, L.P. has a 12 month low of $10.30 and a 12 month high of $20.78.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, October 28th. The energy company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.17). The company had revenue of $464.70 million for the quarter, compared to analysts’ expectations of $503.40 million. Alliance Resource Partners had a net margin of 20.80% and a return on equity of 25.40%. Alliance Resource Partners’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share. On average, equities research analysts forecast that Alliance Resource Partners, L.P. will post 2.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th will be issued a dividend of $0.54 per share. The ex-dividend date is Wednesday, November 6th. This represents a $2.16 dividend on an annualized basis and a yield of 18.45%. Alliance Resource Partners’s dividend payout ratio is presently 88.52%.

A number of research firms recently weighed in on ARLP. BidaskClub raised Alliance Resource Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. TheStreet lowered Alliance Resource Partners from a “b-” rating to a “c+” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. lowered Alliance Resource Partners from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $22.00 in a report on Monday, August 19th. B. Riley set a $20.00 target price on Alliance Resource Partners and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, ValuEngine raised Alliance Resource Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $20.75.

In other Alliance Resource Partners news, Director Wilson M. Torrence purchased 5,600 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average cost of $15.42 per share, with a total value of $86,352.00. Following the completion of the acquisition, the director now directly owns 39,096 shares in the company, valued at $602,860.32. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Robert J. Fouch purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of $10.95 per share, for a total transaction of $54,750.00. Following the completion of the acquisition, the chief accounting officer now owns 55,137 shares of the company’s stock, valued at $603,750.15. The disclosure for this purchase can be found here. 44.03% of the stock is owned by company insiders.

About Alliance Resource Partners

Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.

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Institutional Ownership by Quarter for Alliance Resource Partners (NASDAQ:ARLP)

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