Crescent Grove Advisors LLC Reduces Position in Alliance Resource Partners, L.P. $ARLP

Crescent Grove Advisors LLC trimmed its position in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) by 26.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,682 shares of the energy company’s stock after selling 25,208 shares during the period. Crescent Grove Advisors LLC owned about 0.06% of Alliance Resource Partners worth $1,982,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley grew its stake in shares of Alliance Resource Partners by 95.4% during the fourth quarter. Morgan Stanley now owns 3,363,174 shares of the energy company’s stock valued at $78,127,000 after buying an additional 1,641,741 shares during the last quarter. Progeny 3 Inc. boosted its holdings in Alliance Resource Partners by 0.3% during the 4th quarter. Progeny 3 Inc. now owns 3,282,671 shares of the energy company’s stock valued at $76,256,000 after acquiring an additional 8,290 shares during the period. ING Groep NV boosted its holdings in Alliance Resource Partners by 76.7% during the 4th quarter. ING Groep NV now owns 668,000 shares of the energy company’s stock valued at $15,518,000 after acquiring an additional 289,900 shares during the period. Barclays PLC grew its position in Alliance Resource Partners by 3.3% in the 3rd quarter. Barclays PLC now owns 657,191 shares of the energy company’s stock valued at $16,617,000 after acquiring an additional 21,116 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Alliance Resource Partners by 4.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 518,451 shares of the energy company’s stock valued at $13,552,000 after acquiring an additional 23,579 shares during the last quarter. 18.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ARLP shares. Weiss Ratings downgraded Alliance Resource Partners from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Wall Street Zen downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Zacks Research upgraded shares of Alliance Resource Partners from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Alliance Resource Partners presently has a consensus rating of “Buy” and a consensus price target of $30.00.

Alliance Resource Partners Price Performance

Shares of ARLP stock opened at $24.42 on Friday. Alliance Resource Partners, L.P. has a twelve month low of $22.20 and a twelve month high of $29.45. The company has a current ratio of 1.46, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $24.71 and a two-hundred day simple moving average of $25.44. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 12.85 and a beta of 0.23.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, April 27th. The energy company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). The business had revenue of $516.02 million during the quarter, compared to the consensus estimate of $518.24 million. Alliance Resource Partners had a return on equity of 16.87% and a net margin of 11.35%. On average, analysts predict that Alliance Resource Partners, L.P. will post 2.53 EPS for the current fiscal year.

Alliance Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 9.8%. The ex-dividend date was Friday, May 8th. Alliance Resource Partners’s payout ratio is 126.32%.

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.